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 October 2023

At the same time last year, Crestone was a Seller'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

$352,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,000(-8.1%)

Key Takeaway

Homes in Crestone have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in Crestone was $352,500 in October 2024, down 8.1% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145.5K$265K
+82.1%
2 $341K$345K
+1.2%
3 $590K$369K
-37.5%
4 $389K$333.7K
-14.2%
5+ --
N/A

Summary: Crestone housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 14.2%, 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

Sep 2024Oct 2024CHANGE
3936-7.7%

Summary: The Crestone real estate market had 36 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1412
-14.3%
3 1513
-13.3%
4 33
0.0%
5+ 34
+33.3%

Summary: The Crestone 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 decreased by 14.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 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 3 homes were sold or pending in Crestone in October 2024, down by 25.0% month-over-month. Of the 3 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 2023Oct 2024CHANGE
25 Days103 Days+314.7%

Summary: Homes in Crestone had an average of 103 days on market in Oct 2024, up by 314.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Crestone; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 16 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: 11/17/2024, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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