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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie-Frederick is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Erie-Frederick, CO

How much do homes in Erie-Frederick, CO cost?

Median Sold Price

$596,469

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,935(+2.2%)

Key Takeaway

Homes in Erie-Frederick have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Erie-Frederick was $596,469 in October 2024, up 2.2% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$352.7K
+21.6%
2 $383K$360K
-6.0%
3 $515K$534.6K
+3.8%
4 $649.9K$640K
-1.5%
5+ $755K$794.9K
+5.3%

Summary: Erie-Frederick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Firestone
+3.5%
Erie-Frederick
+2.2%
Dacono
+2.1%
Frederick
+1.0%
Erie
-0.9%

Housing Supply in Erie-Frederick, CO

How many homes are available in Erie-Frederick, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
489475-2.9%

Summary: The Erie-Frederick real estate market had 475 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 3935
-10.3%
3 193180
-6.7%
4 141138
-2.1%
5+ 113119
+5.3%

Summary: The Erie-Frederick 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 10.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12193-23.1%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie-Frederick, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in Erie-Frederick in October 2024, down by 23.1% month-over-month. Of the 93 sold homes, 48% were sold under asking, 35% were sold at asking, and 16% were sold over asking.

Days on Market for Erie-Frederick, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
76 Days60 Days-21.6%

Summary: Homes in Erie-Frederick had an average of 60 days on market in Oct 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 93 homes were sold in Erie-Frederick; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 22% 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 20 Days Ago

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