Is East Ridge / Ptarmigan Park, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Ridge / Ptarmigan Park is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, East Ridge / Ptarmigan Park was a Seller's Market.

Key Takeaway

East Ridge / Ptarmigan Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Ridge / Ptarmigan Park, CO

How much do homes in East Ridge / Ptarmigan Park, CO cost?

Median Sold Price

$445,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$15,544(-3.4%)

Key Takeaway

Homes in East Ridge / Ptarmigan Park have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in East Ridge / Ptarmigan Park was $445,000 in September 2024, down 3.4% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $263.5K$240K
-8.9%
2 $337.5K$411.8K
+22.0%
3 $525K$399.7K
-23.9%
4 $622.5K$612K
-1.7%
5+ $607.5K$635K
+4.5%

Summary: East Ridge / Ptarmigan Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 22%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.5%.

Housing Supply in East Ridge / Ptarmigan Park, CO

How many homes are available in East Ridge / Ptarmigan Park, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5355+3.8%

Summary: The East Ridge / Ptarmigan Park real estate market had 55 homes for sale in September 2024, a 3.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 46
+50.0%
2 2020
0.0%
3 1113
+18.2%
4 119
-18.2%
5+ 77
0.0%

Summary: The East Ridge / Ptarmigan Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
186-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Ridge / Ptarmigan Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in East Ridge / Ptarmigan Park in September 2024, down by 66.7% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for East Ridge / Ptarmigan Park, CO

How long does it take to sell a home in East Ridge / Ptarmigan Park, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days32 Days+118.9%

Summary: Homes in East Ridge / Ptarmigan Park had an average of 32 days on market in Sep 2024, up by 118.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 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 East Ridge / Ptarmigan Park has remained consistent over time.

Summary: During September 2024, 6 homes were sold in East Ridge / Ptarmigan Park; 33% of homes were sold within 30 days, 67% 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 17 Days Ago

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