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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Limon is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Limon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Limon, CO

How much do homes in Limon, CO cost?

Median Sold Price

$295,000

$191/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,000(-1.7%)

Key Takeaway

Homes in Limon have sold for 1.7% less than they did a month ago.

Summary: The median home sold price in Limon was $295,000 in October 2024, down 1.7% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $110K-
N/A
3 $300K$300K
0.0%
4 $600K$200K
-66.7%
5+ --
N/A

Summary: Limon housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes did not change.

Housing Supply in Limon, CO

How many homes are available in Limon, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1617+6.3%

Summary: The Limon real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 88
0.0%
4 67
+16.7%
5+ 00
0.0%

Summary: The Limon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Limon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Limon in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Limon, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days23 Days+102.9%

Summary: Homes in Limon had an average of 23 days on market in Oct 2024, up by 102.9% compared to last month.

Breakdown of Home Sale Times

2 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 Limon are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Limon; 67% of homes were sold within 30 days, 33% 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 4 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 09/01/2024 - 11/01/2024

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Last updated on: 11/5/2024, 12:57:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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