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 October 2023

Since last year, Custer County has remained a Buyer's 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

$525,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,950(-0.9%)

Key Takeaway

Homes in Custer County have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Custer County was $525,000 in October 2024, down 0.9% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $351K$273.5K
-22.1%
2 $480K$443K
-7.7%
3 $560K$560K
0.0%
4 $645K$745K
+15.5%
5+ -$5.3M
N/A

Summary: Custer County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Custer County
-0.9%
Saguache County
-4.1%

Housing Supply in Custer County, CO

How many homes are available in Custer County, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105111+5.7%

Summary: The Custer County real estate market had 111 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 76
-14.3%
2 2626
0.0%
3 5356
+5.7%
4 1518
+20.0%
5+ 45
+25.0%

Summary: The Custer County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

4 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 Custer County, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Custer County in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
108 Days68 Days-37.0%

Summary: Homes in Custer County had an average of 68 days on market in Oct 2024, down by 37% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 5 homes were sold in Custer County; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 4 Days Ago

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Newest Listings in Custer County, CO

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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: 11/5/2024, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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