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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cotopaxi is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Cotopaxi, CO

How much do homes in Cotopaxi, CO cost?

Median Sold Price

$475,000

$369/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$170,000(-26.4%)

Key Takeaway

Homes in Cotopaxi have sold for 26.4% less than they did a month ago.

Summary: The median home sold price in Cotopaxi was $475,000 in October 2024, down 26.4% from last month, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$200K
N/A
2 -$433.2K
N/A
3 $485K$560K
+15.5%
4 --
N/A
5+ $869.9K-
N/A

Summary: Cotopaxi 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 15.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Canon City
+50.6%
Cotopaxi
-26.4%
Howard
-26.4%

Housing Supply in Cotopaxi, CO

How many homes are available in Cotopaxi, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6668+3.0%

Summary: The Cotopaxi real estate market had 68 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1213
+8.3%
3 2828
0.0%
4 1415
+7.1%
5+ 99
0.0%

Summary: The Cotopaxi 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 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cotopaxi, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cotopaxi in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Cotopaxi, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days106 Days+202.9%

Summary: Homes in Cotopaxi had an average of 106 days on market in Oct 2024, up by 202.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cotopaxi are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Cotopaxi; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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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Newest Listings in Cotopaxi, CO

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