Is Custer County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Custer County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Custer County was a Neutral Market.

Key Takeaway

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

Housing Prices in Custer County, CO

How much do homes in Custer County, CO cost?

Median Sold Price

$520,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,100(+10.2%)

Key Takeaway

Homes in Custer County have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Custer County was $520,000 in November 2024, up 10.2% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $351K$273.5K
-22.1%
2 $440K$415K
-5.7%
3 $525K$562.5K
+7.1%
4 $554.9K$647.5K
+16.7%
5+ -$5.3M
N/A

Summary: Custer County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes did not change.

Housing Supply in Custer County, CO

How many homes are available in Custer County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109111+1.8%

Summary: The Custer County real estate market had 111 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 2425
+4.2%
3 5654
-3.6%
4 1819
+5.6%
5+ 56
+20.0%

Summary: The Custer County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

10 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 Custer County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Custer County in November 2024, up by 100.0% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Custer County, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
115 Days137 Days+19.0%

Summary: Homes in Custer County had an average of 137 days on market in Nov 2024, up by 19% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in Custer County; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 70% 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 21 Days Ago

Newest Listings in Custer County, CO

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