$7,707 Closing Credit*
$649,000
1,340 SqFt
3 Beds
•1 Full Bath, 1 Partial
Samuel Hickman, Listing Office: Your Castle Real Estate Inc
Is Downings, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downings was a Seller's Market.
Key Takeaway
Downings is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downings, CO
How much do homes in Downings, CO cost?
Median Sold Price
$751,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,500(+15.3%)
Key Takeaway
Homes in Downings have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Downings was $751,000 in October 2024, up 15.3% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | - | N/A |
| 2 Bedrooms | $542K | $520K | -4.1% |
| 3 Bedrooms | $750K | $761.2K | +1.5% |
| 4 Bedrooms | $844K | $1.0M | +22.0% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Downings housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downings | $651.5K | $751K | +15.3% |
| Northwest Denver | $754.9K | $750K | -0.7% |
| Cole | $632K | $593.5K | -6.1% |
Housing Supply in Downings, CO
How many homes are available in Downings, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Downings real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Downings 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 increased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downings, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downings in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downings, CO
How long does it take to sell a home in Downings, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 71 Days | +163.0% |
Summary: Homes in Downings had an average of 71 days on market in Oct 2024, up by 163% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downings are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Downings; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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