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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Creede is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Creede, CO

How much do homes in Creede, CO cost?

Median Sold Price

$307,500

$306/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$612,500(-66.6%)

Key Takeaway

Homes in Creede have sold for 66.6% less than they did a month ago.

Summary: The median home sold price in Creede was $307,500 in October 2024, down 66.6% from last month, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$305K
N/A
2 -$310K
N/A
3 $920K-
N/A
4 --
N/A
5+ --
N/A

Summary: Creede 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Creede, CO

How many homes are available in Creede, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The Creede real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 89
+12.5%
4 33
0.0%
5+ 11
0.0%

Summary: The Creede 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Creede, 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 Creede in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Creede, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
25 Days18 Days-28.0%

Summary: Homes in Creede had an average of 18 days on market in Oct 2024, down by 28% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Creede; 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

Newest Listings in Creede, CO

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