Is Colorado City-Rye, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colorado City-Rye is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Colorado City-Rye has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Colorado City-Rye, CO

How much do homes in Colorado City-Rye, CO cost?

Median Sold Price

$609,500

$280/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$69,500(+12.9%)

Key Takeaway

Homes in Colorado City-Rye have sold for 12.9% more than they did a month ago.

Summary: The median home sold price in Colorado City-Rye was $609,500 in October 2024, up 12.9% from last month, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $320K$609.5K
+90.5%
4 --
N/A
5+ $760K-
N/A

Summary: Colorado City-Rye housing prices by bedroom type for October 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 increased by 90.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Colorado City-Rye, CO

How many homes are available in Colorado City-Rye, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1821+16.7%

Summary: The Colorado City-Rye real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 89
+12.5%
4 34
+33.3%
5+ 55
0.0%

Summary: The Colorado City-Rye housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Colorado City-Rye in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Colorado City-Rye, CO

How long does it take to sell a home in Colorado City-Rye, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
109 Days128 Days+17.4%

Summary: Homes in Colorado City-Rye had an average of 128 days on market in Oct 2024, up by 17.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Colorado City-Rye has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Colorado City-Rye; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 09/01/2024 - 11/01/2024

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