Is Fort Garland, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Garland is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Fort Garland has remained a Buyer's Market.

Key Takeaway

Fort Garland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fort Garland, CO

How much do homes in Fort Garland, CO cost?

Median Sold Price

$442,554

$220/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$277,654(+168.4%)

Key Takeaway

Homes in Fort Garland have sold for 168.4% more than they did a month ago.

Summary: The median home sold price in Fort Garland was $442,554 in October 2024, up 168.4% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$205.1K
N/A
3 -$680K
N/A
4 $164.9K-
N/A
5+ --
N/A

Summary: Fort Garland 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Fort Garland, CO

How many homes are available in Fort Garland, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
20200.0%

Summary: The Fort Garland real estate market had 20 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 66
0.0%
4 43
-25.0%
5+ 33
0.0%

Summary: The Fort Garland 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Garland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Fort Garland in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Fort Garland, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
3 Days105 Days+3416.7%

Summary: Homes in Fort Garland had an average of 105 days on market in Oct 2024, up by 3416.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fort Garland has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Fort Garland; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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MLS Disclaimers and Copyright

Based on information from REColorado, Pikes Peak MLS / Colorado Springs Realtor Services Corp., Information and Real Estate Services LLC, and Colorado Real Estate Network Inc. for the period 09/01/2024 - 11/01/2024

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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