$4,156 Closing Credit*
$350,000
1,372 SqFt
3 Beds
•1 Full Bath
Elizabeth Reeder, Listing Office: Colorado Homestead Realty
Is Elbert County, 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, Elbert County was a Buyer's Market.
Key Takeaway
Elbert County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elbert County, CO
How much do homes in Elbert County, CO cost?
Median Sold Price
$610,870
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$49,129(-7.4%)
Key Takeaway
Homes in Elbert County have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Elbert County was $610,870 in October 2024, down 7.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296K | $138K | -53.4% |
| 2 Bedrooms | $335K | $407.5K | +21.6% |
| 3 Bedrooms | $565.7K | $515K | -9.0% |
| 4 Bedrooms | $665K | $637.2K | -4.2% |
| 5+ Bedrooms | $840K | $766.4K | -8.8% |
Summary: Elbert County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.4%, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Counties
| Arapahoe County | $535.4K | $525.3K | -1.9% |
| Douglas County | $724.9K | $700.5K | -3.4% |
| Elbert County | $660K | $610.8K | -7.4% |
Housing Supply in Elbert County, CO
How many homes are available in Elbert County, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 242 | 236 | -2.5% |
Summary: The Elbert County real estate market had 236 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 97 | 88 | -9.3% |
| 4 Bedrooms | 72 | 73 | +1.4% |
| 5+ Bedrooms | 61 | 63 | +3.3% |
Summary: The Elbert County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 38 | -25.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elbert County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 38 homes were sold or pending in Elbert County in October 2024, down by 25.5% month-over-month. Of the 38 sold homes, 34% were sold under asking, 50% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 42 Days | -11.6% |
Summary: Homes in Elbert County had an average of 42 days on market in Oct 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
13 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 October 2024, 38 homes were sold in Elbert County; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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