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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, Fort Garland was a Buyer's Market.

Key Takeaway

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

Housing Prices in Fort Garland, CO

How much do homes in Fort Garland, CO cost?

Median Sold Price

$273,700

$193/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$168,854(-38.2%)

Key Takeaway

Homes in Fort Garland have sold for 38.2% less than they did a month ago.

Summary: The median home sold price in Fort Garland was $273,700 in November 2024, down 38.2% from last month, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$158K
N/A
2 $205.1K$273.7K
+33.4%
3 $680K-
N/A
4 -$630K
N/A
5+ --
N/A

Summary: Fort Garland 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 increased by 33.4%, 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

Oct 2024Nov 2024CHANGE
1817-5.6%

Summary: The Fort Garland real estate market had 17 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 65
-16.7%
3 65
-16.7%
4 22
0.0%
5+ 33
0.0%

Summary: The Fort Garland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Fort Garland in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Oct 2024Nov 2024CHANGE
105 Days86 Days-17.9%

Summary: Homes in Fort Garland had an average of 86 days on market in Nov 2024, down by 17.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Fort Garland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Fort Garland; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

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MLS Disclaimers and Copyright

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Last updated on: 12/21/2024, 11:56:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

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Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 5:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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