Is Elbert County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elbert County is a neutral'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

# BEDSOct 2023Oct 2024CHANGE
1 $296K$138K
-53.4%
2 $335K$407.5K
+21.6%
3 $565.7K$515K
-9.0%
4 $665K$637.2K
-4.2%
5+ $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
-1.9%
Douglas County
-3.4%
Elbert County
-7.4%

Housing Supply in Elbert County, CO

How many homes are available in Elbert County, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
242236-2.5%

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

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 78
+14.3%
3 9788
-9.3%
4 7273
+1.4%
5+ 6163
+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 2024Oct 2024CHANGE
5138-25.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
47 Days42 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Elbert County, CO

Nearby Markets to Elbert County, CO

What housing markets are near Elbert County, CO?