Is Elsmere, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elsmere is a buyer'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

$471,250

$218/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$21,250(+4.7%)

Key Takeaway

Homes in Elsmere have sold for 4.7% more than they did a month ago.

Summary: The median home sold price in Elsmere was $471,250 in November 2024, up 4.7% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $249K-
N/A
2 $410K$260K
-36.6%
3 $427K$442K
+3.5%
4 $485K$534.9K
+10.3%
5+ $550K$445K
-19.1%

Summary: Elsmere housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 19.1%.

Median Sold Price Compared To Nearby Cities

Colorado Springs
+6.2%
Elsmere
+4.7%
Black Forest-Peyton
+4.1%
Southeastern El Paso
-22.7%

Housing Supply in Elsmere, CO

How many homes are available in Elsmere, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
445491+10.3%

Summary: The Elsmere real estate market had 491 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 6069
+15.0%
3 203219
+7.9%
4 118131
+11.0%
5+ 6372
+14.3%

Summary: The Elsmere housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4324-44.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elsmere, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Elsmere in November 2024, down by 44.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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

Oct 2024Nov 2024CHANGE
24 Days52 Days+114.3%

Summary: Homes in Elsmere had an average of 52 days on market in Nov 2024, up by 114.3% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Elsmere has remained consistent over time.

Summary: During November 2024, 24 homes were sold in Elsmere; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% 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

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