Is Heather Ridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heather Ridge is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Heather Ridge was a Seller's Market.

Key Takeaway

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

Housing Prices in Heather Ridge, CO

How much do homes in Heather Ridge, CO cost?

Median Sold Price

$327,500

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$33,500(-9.3%)

Key Takeaway

Homes in Heather Ridge have sold for 9.3% less than they did a year ago.

Summary: The median home sold price in Heather Ridge was $327,500 in November 2024, down 9.3% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $193.2K$208.8K
+8.0%
2 $340K$330K
-2.9%
3 $422.5K$384.9K
-8.9%
4 --
N/A
5+ --
N/A

Summary: Heather Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Heather Ridge, CO

How many homes are available in Heather Ridge, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2628+7.7%

Summary: The Heather Ridge real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 1718
+5.9%
3 12
+100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Heather Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heather Ridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Heather Ridge in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Heather Ridge, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days60 Days+302.2%

Summary: Homes in Heather Ridge had an average of 60 days on market in Nov 2024, up by 302.2% compared to last year.

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 Heather Ridge are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Heather Ridge; 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 22 Days Ago

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