$6,353 Closing Credit*
$535,000
3,118 SqFt
4 Beds
•3 Full Baths
Michael Hensley, Listing Office: The Cutting Edge
Is Elsmere, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elsmere has remained a Buyer's Market.
Key Takeaway
Elsmere is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elsmere, CO
How much do homes in Elsmere, CO cost?
Median Sold Price
$446,225
$226/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$16,225(-3.5%)
Key Takeaway
Homes in Elsmere have sold for 3.5% less than they did a month ago.
Summary: The median home sold price in Elsmere was $446,225 in October 2024, down 3.5% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $249K | N/A |
| 2 Bedrooms | $415K | $410K | -1.2% |
| 3 Bedrooms | $435K | $427K | -1.8% |
| 4 Bedrooms | $467.5K | $485K | +3.7% |
| 5+ Bedrooms | $567.5K | $550K | -3.1% |
Summary: Elsmere housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Peyton | $525K | $668.5K | +27.3% |
| Southeastern El Paso | $422.5K | $504.5K | +19.4% |
| Elsmere | $462.4K | $446.2K | -3.5% |
| Colorado Springs | $480K | $455K | -5.2% |
Housing Supply in Elsmere, CO
How many homes are available in Elsmere, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 433 | 562 | +29.8% |
Summary: The Elsmere real estate market had 562 homes for sale in October 2024, a 29.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 70 | 77 | +10.0% |
| 3 Bedrooms | 179 | 248 | +38.5% |
| 4 Bedrooms | 124 | 155 | +25.0% |
| 5+ Bedrooms | 59 | 81 | +37.3% |
Summary: The Elsmere housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 37.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 40 | -9.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elsmere, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Elsmere in October 2024, down by 9.1% month-over-month. Of the 40 sold homes, 38% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Elsmere, CO
How long does it take to sell a home in Elsmere, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 25 Days | -29.6% |
Summary: Homes in Elsmere had an average of 25 days on market in Oct 2024, down by 29.6% compared to last month.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elsmere are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Elsmere; 68% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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