Is Cherryvale, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherryvale is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cherryvale has remained a Buyer's Market.

Key Takeaway

Cherryvale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cherryvale, CO

How much do homes in Cherryvale, CO cost?

Median Sold Price

$485,000

$393/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$3,365,000(-87.4%)

Key Takeaway

Homes in Cherryvale have sold for 87.4% less than they did a month ago.

Summary: The median home sold price in Cherryvale was $485,000 in November 2024, down 87.4% from last month, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$485K
N/A
3 --
N/A
4 --
N/A
5+ $3.8M-
N/A

Summary: Cherryvale housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cherryvale, CO

How many homes are available in Cherryvale, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The Cherryvale real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 22
0.0%
4 11
0.0%
5+ 43
-25.0%

Summary: The Cherryvale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherryvale, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cherryvale in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cherryvale, CO

How long does it take to sell a home in Cherryvale, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
63 Days88 Days+39.7%

Summary: Homes in Cherryvale had an average of 88 days on market in Nov 2024, up by 39.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cherryvale has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Cherryvale; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Cherryvale, CO

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