$4,250 Closing Credit*
$357,900
1,470 SqFt
3 Beds
•1 Full Bath, 3 Partial
Lori Fontyn, Listing Office: Coldwell Banker Realty 56
Is Kendrick Lake, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kendrick Lake has remained a Seller's Market.
Key Takeaway
Kendrick Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendrick Lake, CO
How much do homes in Kendrick Lake, CO cost?
Median Sold Price
$576,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+6.3%)
Key Takeaway
Homes in Kendrick Lake have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Kendrick Lake was $576,500 in October 2024, up 6.3% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $440K | N/A |
| 2 Bedrooms | $360.5K | $380K | +5.4% |
| 3 Bedrooms | $540K | $563.8K | +4.4% |
| 4 Bedrooms | $580K | $599.5K | +3.4% |
| 5+ Bedrooms | $600K | $591K | -1.5% |
Summary: Kendrick Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Kendrick Lake, CO
How many homes are available in Kendrick Lake, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Kendrick Lake real estate market had 43 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Kendrick Lake 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 60%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendrick Lake, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Kendrick Lake in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Kendrick Lake, CO
How long does it take to sell a home in Kendrick Lake, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 31 Days | +121.3% |
Summary: Homes in Kendrick Lake had an average of 31 days on market in Oct 2024, up by 121.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kendrick Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Kendrick Lake; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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