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 October 2023

Since last year, East Ridge / Ptarmigan Park has remained a Buyer'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

$419,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$56,888(-12.0%)

Key Takeaway

Homes in East Ridge / Ptarmigan Park have sold for 12% less than they did a year ago.

Summary: The median home sold price in East Ridge / Ptarmigan Park was $419,000 in October 2024, down 12% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $263.5K$258K
-2.1%
2 $340K$402K
+18.2%
3 $525K$398K
-24.2%
4 $595K$625K
+5.0%
5+ $620K$650K
+4.8%

Summary: East Ridge / Ptarmigan Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.8%.

Housing Supply in East Ridge / Ptarmigan Park, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5356+5.7%

Summary: The East Ridge / Ptarmigan Park real estate market had 56 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 68
+33.3%
2 1918
-5.3%
3 1314
+7.7%
4 910
+11.1%
5+ 66
0.0%

Summary: The East Ridge / Ptarmigan Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in East Ridge / Ptarmigan Park in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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 2023Oct 2024CHANGE
42 Days32 Days-24.7%

Summary: Homes in East Ridge / Ptarmigan Park had an average of 32 days on market in Oct 2024, down by 24.7% compared to last year.

Breakdown of Home Sale Times

4 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

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

Summary: During October 2024, 8 homes were sold in East Ridge / Ptarmigan Park; 50% of homes were sold within 30 days, 50% 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

Newest Listings in East Ridge / Ptarmigan Park, CO

Nearby Markets to East Ridge / Ptarmigan Park, CO