$5,463 Closing Credit*
$460,000
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Scott Beard, Listing Office: Denver Realty Pro, LLC
Is Cottonwood, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cottonwood has remained a Seller's Market.
Key Takeaway
Cottonwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottonwood, CO
How much do homes in Cottonwood, CO cost?
Median Sold Price
$519,500
$298/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$19,600(+3.9%)
Key Takeaway
Homes in Cottonwood have sold for 3.9% more than they did a month ago.
Summary: The median home sold price in Cottonwood was $519,500 in October 2024, up 3.9% from last month, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $483K | - | N/A |
| 3 Bedrooms | $508.7K | $532K | +4.6% |
| 4 Bedrooms | $508.9K | $507K | -0.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cottonwood 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 4.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Cottonwood | $499.9K | $519.5K | +3.9% |
| Dove Ridge | $735K | $750K | +2.0% |
| Cottonwood Meadows | $518K | $526K | +1.5% |
| Hills of Cottonwood | $566.2K | $532K | -6.0% |
Housing Supply in Cottonwood, CO
How many homes are available in Cottonwood, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Cottonwood real estate market had 31 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cottonwood 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cottonwood in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Cottonwood, CO
How long does it take to sell a home in Cottonwood, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 18 Days | -68.8% |
Summary: Homes in Cottonwood had an average of 18 days on market in Oct 2024, down by 68.8% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cottonwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Cottonwood; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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