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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Erie has remained a Seller's Market.

Key Takeaway

Erie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Erie, CO

How much do homes in Erie, CO cost?

Median Sold Price

$723,111

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,888(-0.9%)

Key Takeaway

Homes in Erie have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Erie was $723,111 in October 2024, down 0.9% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $412.5K$359.5K
-12.8%
3 $640K$630K
-1.6%
4 $765K$750K
-2.0%
5+ $929K$880K
-5.3%

Summary: Erie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Cities

Lafayette
+2.8%
Erie-Frederick
+2.2%
Dacono
+2.1%
Frederick
+1.0%
Erie
-0.9%

Housing Supply in Erie, CO

How many homes are available in Erie, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
286284-0.7%

Summary: The Erie real estate market had 284 homes for sale in October 2024, a 0.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1917
-10.5%
3 8587
+2.4%
4 8687
+1.2%
5+ 9693
-3.1%

Summary: The Erie 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 decreased by 10.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6653-19.7%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Erie in October 2024, down by 19.7% month-over-month. Of the 53 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Erie, CO

How long does it take to sell a home in Erie, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days56 Days+34.0%

Summary: Homes in Erie had an average of 56 days on market in Oct 2024, up by 34% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 53 homes were sold in Erie; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% 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 16 Days Ago

Newest Listings in Erie, CO

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