Is Dam East / West, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dam East / West is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Dam East / West has remained a Seller's Market.

Key Takeaway

Dam East / West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dam East / West, CO

How much do homes in Dam East / West, CO cost?

Median Sold Price

$421,200

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,623(+7.8%)

Key Takeaway

Homes in Dam East / West have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Dam East / West was $421,200 in October 2024, up 7.8% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $249.9K$247K
-1.2%
2 $290K$355K
+22.4%
3 $418.7K$420K
0.3%
4 $547.5K$469K
-14.3%
5+ $625K-
N/A

Summary: Dam East / West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Dam East / West
+7.8%
The Dam East
-8.5%

Housing Supply in Dam East / West, CO

How many homes are available in Dam East / West, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3141+32.3%

Summary: The Dam East / West real estate market had 41 homes for sale in October 2024, a 32.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 58
+60.0%
3 1418
+28.6%
4 89
+12.5%
5+ 23
+50.0%

Summary: The Dam East / West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dam East / West, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Dam East / West in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Dam East / West, CO

How long does it take to sell a home in Dam East / West, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days38 Days+137.5%

Summary: Homes in Dam East / West had an average of 38 days on market in Oct 2024, up by 137.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dam East / West has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Dam East / West; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% 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

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