$5,166 Closing Credit*
$435,000
595 SqFt
1 Bed
•1 Bath
Alexander Leder, Listing Office: MODUS Real Estate
Is Congress Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Congress Park was a Seller's Market.
Key Takeaway
Congress Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Congress Park, CO
How much do homes in Congress Park, CO cost?
Median Sold Price
$913,500
$512/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$46,500(-4.8%)
Key Takeaway
Homes in Congress Park have sold for 4.8% less than they did a month ago.
Summary: The median home sold price in Congress Park was $913,500 in October 2024, down 4.8% from last month, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $610K | - | N/A |
| 3 Bedrooms | $873.7K | $902K | +3.2% |
| 4 Bedrooms | $1.1M | $1.2M | +9.8% |
| 5+ Bedrooms | - | $839.5K | N/A |
Summary: Congress Park 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 3.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Congress Park | $960K | $913.5K | -4.8% |
| Chamberlin's | $960K | $839.5K | -12.6% |
Housing Supply in Congress Park, CO
How many homes are available in Congress Park, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The Congress Park real estate market had 50 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Congress Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Congress Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Congress Park in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Congress Park, CO
How long does it take to sell a home in Congress Park, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -2.7% |
Summary: Homes in Congress Park had an average of 36 days on market in Oct 2024, down by 2.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Congress Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Congress Park; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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