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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hale is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hale, CO

How much do homes in Hale, CO cost?

Median Sold Price

$700,000

$413/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$30,000(-4.1%)

Key Takeaway

Homes in Hale have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Hale was $700,000 in November 2024, down 4.1% from last year, and the median price per square foot was $413.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $267K$255K
-4.5%
2 $400K$462.5K
+15.6%
3 $795K$797.5K
0.3%
4 $1.0M$937.5K
-7.4%
5+ $1.3M$1.4M
+11.9%

Summary: Hale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Neighborhoods

Bellevue Park
+20.4%
Hale
-4.1%

Housing Supply in Hale, CO

How many homes are available in Hale, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6371+12.7%

Summary: The Hale real estate market had 71 homes for sale in November 2024, a 12.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2120
-4.8%
2 1719
+11.8%
3 1821
+16.7%
4 67
+16.7%
5+ 14
+300.0%

Summary: The Hale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hale, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Hale in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Hale, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days37 Days+40.0%

Summary: Homes in Hale had an average of 37 days on market in Nov 2024, up by 40% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Hale; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% 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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Newest Listings in Hale, CO

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 12/01/2022 - 12/01/2024

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Last updated on: 12/18/2024, 12:12:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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