$6,413 Closing Credit*
$540,000
2,398 SqFt
4 Beds
•1 Full Bath, 2 Partial
Jodi Bright, Listing Office: D.R. Horton Realty, LLC
Is Elbert County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elbert County was a Seller's Market.
Key Takeaway
Elbert County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elbert County, CO
How much do homes in Elbert County, CO cost?
Median Sold Price
$609,966
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$50,033(-7.6%)
Key Takeaway
Homes in Elbert County have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Elbert County was $609,966 in November 2024, down 7.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296K | $393.5K | +32.9% |
| 2 Bedrooms | $433K | $407.5K | -5.9% |
| 3 Bedrooms | $559.4K | $515K | -7.9% |
| 4 Bedrooms | $649.5K | $630K | -3.0% |
| 5+ Bedrooms | $850K | $735K | -13.5% |
Summary: Elbert County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Arapahoe County | $532.1K | $526.4K | -1.1% |
| Douglas County | $715.5K | $704.4K | -1.6% |
| Elbert County | $660K | $609.9K | -7.6% |
Housing Supply in Elbert County, CO
How many homes are available in Elbert County, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 227 | 223 | -1.8% |
Summary: The Elbert County real estate market had 223 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 87 | 79 | -9.2% |
| 4 Bedrooms | 71 | 72 | +1.4% |
| 5+ Bedrooms | 59 | 64 | +8.5% |
Summary: The Elbert County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elbert County, expect to pay close to the asking price. 48.3% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Elbert County in November 2024, down by 23.7% month-over-month. Of the 29 sold homes, 41% were sold under asking, 48% were sold at asking, and 10% were sold over asking.
Days on Market for Elbert County, CO
How long does it take to sell a home in Elbert County, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 59 Days | +55.2% |
Summary: Homes in Elbert County had an average of 59 days on market in Nov 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elbert County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Elbert County; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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