$5,230 Closing Credit*
$440,400
776 SqFt
1 Bed
•1 Full Bath
April Andrews, Listing Office: Joy of the Rockies Realty
Is Chaffee Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chaffee Park was a Seller's Market.
Key Takeaway
Chaffee Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chaffee Park, CO
How much do homes in Chaffee Park, CO cost?
Median Sold Price
$496,000
$469/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,111(-1.8%)
Key Takeaway
Homes in Chaffee Park have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Chaffee Park was $496,000 in October 2024, down 1.8% from last year, and the median price per square foot was $469.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $381K | N/A |
| 2 Bedrooms | $485K | $455K | -6.2% |
| 3 Bedrooms | $615K | $549.6K | -10.6% |
| 4 Bedrooms | $490K | $760K | +55.1% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Chaffee Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes did not change.
Housing Supply in Chaffee Park, CO
How many homes are available in Chaffee Park, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Summary: The Chaffee Park real estate market had 36 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 13 | 22 | +69.2% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chaffee Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 69.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chaffee Park, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Chaffee Park in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Chaffee Park, CO
How long does it take to sell a home in Chaffee Park, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 32 Days | -20.5% |
Summary: Homes in Chaffee Park had an average of 32 days on market in Oct 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chaffee Park has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Chaffee Park; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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