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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, East Ridge / Ptarmigan Park was a Neutral Market.

Key Takeaway

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

Housing Prices in East Ridge / Ptarmigan Park, CO

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

Median Sold Price

$399,900

$254/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$192,100(-32.4%)

Key Takeaway

Homes in East Ridge / Ptarmigan Park have sold for 32.4% less than they did a month ago.

Summary: The median home sold price in East Ridge / Ptarmigan Park was $399,900 in November 2024, down 32.4% from last month, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$279.8K
N/A
2 $347K$285.9K
-17.6%
3 $407.5K$449.9K
+10.4%
4 $678.9K$547K
-19.4%
5+ $687K$610K
-11.2%

Summary: East Ridge / Ptarmigan Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 11.2%.

Median Sold Price Compared To Nearby Neighborhoods

Innsbruck
+31.1%
Ptarmigan Park
+7.5%
East Ridge / Ptarmigan Park
-32.4%

Housing Supply in East Ridge / Ptarmigan Park, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4946-6.1%

Summary: The East Ridge / Ptarmigan Park real estate market had 46 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 89
+12.5%
2 1413
-7.1%
3 1311
-15.4%
4 98
-11.1%
5+ 55
0.0%

Summary: The East Ridge / Ptarmigan Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Ridge / Ptarmigan Park, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in East Ridge / Ptarmigan Park in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% 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

Oct 2024Nov 2024CHANGE
32 Days57 Days+78.5%

Summary: Homes in East Ridge / Ptarmigan Park had an average of 57 days on market in Nov 2024, up by 78.5% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Ridge / Ptarmigan Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in East Ridge / Ptarmigan Park; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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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