Is Cripple Creek, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cripple Creek is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Cripple Creek, CO

How much do homes in Cripple Creek, CO cost?

Median Sold Price

$399,000

$367/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$76,000(-16.0%)

Key Takeaway

Homes in Cripple Creek have sold for 16% less than they did a month ago.

Summary: The median home sold price in Cripple Creek was $399,000 in November 2024, down 16% from last month, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $475K$399K
-16.0%
3 $539K-
N/A
4 --
N/A
5+ --
N/A

Summary: Cripple Creek 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 decreased by 16%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cripple Creek, CO

How many homes are available in Cripple Creek, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5654-3.6%

Summary: The Cripple Creek real estate market had 54 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1715
-11.8%
3 2928
-3.4%
4 78
+14.3%
5+ 22
0.0%

Summary: The Cripple Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cripple Creek, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cripple Creek in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cripple Creek, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
57 Days200 Days+249.7%

Summary: Homes in Cripple Creek had an average of 200 days on market in Nov 2024, up by 249.7% compared to last month.

Breakdown of Home Sale Times

0 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

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

Summary: During November 2024, 1 homes were sold in Cripple Creek; 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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