$4,156 Closing Credit*
$350,000
951 SqFt
2 Beds
•1 Full Bath, 1 Partial
Rob Stark, Listing Office: RE/MAX Professionals
Is Kendrick Lake, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kendrick Lake was a Neutral 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
$575,750
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,750(+4.7%)
Key Takeaway
Homes in Kendrick Lake have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Kendrick Lake was $575,750 in November 2024, up 4.7% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $440K | N/A |
| 2 Bedrooms | $360.5K | $375K | +4.0% |
| 3 Bedrooms | $542K | $563.8K | +4.0% |
| 4 Bedrooms | $569.7K | $600K | +5.3% |
| 5+ Bedrooms | $600K | $625K | +4.2% |
Summary: Kendrick Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Kendrick Lake, CO
How many homes are available in Kendrick Lake, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Kendrick Lake real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Kendrick Lake 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 decreased by 12.5%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kendrick Lake in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 48 Days | +939.3% |
Summary: Homes in Kendrick Lake had an average of 48 days on market in Nov 2024, up by 939.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendrick Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Kendrick Lake; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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