Is City Park West, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing City Park West is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, City Park West has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in City Park West, CO

How much do homes in City Park West, CO cost?

Median Sold Price

$657,500

$467/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,500(+15.4%)

Key Takeaway

Homes in City Park West have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in City Park West was $657,500 in October 2024, up 15.4% from last year, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $289K$329K
+13.8%
2 $565K$627.7K
+11.1%
3 $763K$825K
+8.1%
4 $975K$923K
-5.3%
5+ $1.8M$1.1M
-35.5%

Summary: City Park West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 35.5%.

Median Sold Price Compared To Nearby Neighborhoods

City Park West
+15.4%
Whittier
+3.7%
Schinner's
0.0%

Housing Supply in City Park West, CO

How many homes are available in City Park West, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3841+7.9%

Summary: The City Park West real estate market had 41 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 89
+12.5%
2 1111
0.0%
3 1113
+18.2%
4 44
0.0%
5+ 44
0.0%

Summary: The City Park West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in City Park West, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in City Park West in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for City Park West, CO

How long does it take to sell a home in City Park West, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days37 Days+57.4%

Summary: Homes in City Park West had an average of 37 days on market in Oct 2024, up by 57.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in City Park West are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in City Park West; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/21/2024, 6:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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