Is Inverness / Dove Valley, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inverness / Dove Valley is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Inverness / Dove Valley was a Seller's Market.

Key Takeaway

Inverness / Dove Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Inverness / Dove Valley, CO

How much do homes in Inverness / Dove Valley, CO cost?

Median Sold Price

$495,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$59,000(+13.5%)

Key Takeaway

Homes in Inverness / Dove Valley have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Inverness / Dove Valley was $495,000 in September 2024, up 13.5% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $410K$455K
+11.0%
2 $445.7K$460K
+3.2%
3 $436K$500K
+14.7%
4 $612K$805.4K
+31.6%
5+ --
N/A

Summary: Inverness / Dove Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes did not change.

Housing Supply in Inverness / Dove Valley, CO

How many homes are available in Inverness / Dove Valley, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4443-2.3%

Summary: The Inverness / Dove Valley real estate market had 43 homes for sale in September 2024, a 2.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 2120
-4.8%
3 1616
0.0%
4 43
-25.0%
5+ 23
+50.0%

Summary: The Inverness / Dove Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Inverness / Dove Valley, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Inverness / Dove Valley in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Inverness / Dove Valley, CO

How long does it take to sell a home in Inverness / Dove Valley, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days31 Days-23.5%

Summary: Homes in Inverness / Dove Valley had an average of 31 days on market in Sep 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Inverness / Dove Valley are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Inverness / Dove Valley; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Inverness / Dove Valley, CO

Nearby Markets to Inverness / Dove Valley, CO