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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestone is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Crestone, CO

How much do homes in Crestone, CO cost?

Median Sold Price

$479,750

$375/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$141,250(+41.7%)

Key Takeaway

Homes in Crestone have sold for 41.7% more than they did a month ago.

Summary: The median home sold price in Crestone was $479,750 in November 2024, up 41.7% from last month, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $338.5K-
N/A
2 $345K$399.5K
+15.8%
3 -$560K
N/A
4 $302.5K-
N/A
5+ --
N/A

Summary: Crestone housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Crestone, CO

How many homes are available in Crestone, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3231-3.1%

Summary: The Crestone real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1312
-7.7%
3 1111
0.0%
4 33
0.0%
5+ 34
+33.3%

Summary: The Crestone housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestone, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Crestone in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Crestone, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
103 Days110 Days+6.6%

Summary: Homes in Crestone had an average of 110 days on market in Nov 2024, up by 6.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Crestone; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 17 Days Ago

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Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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