$10,000 Closing Credit*
$959,000
2,186 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jesse Sehlmeyer, Listing Office: Vintage Homes of Denver, Inc.
Is Mar Lee, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mar Lee has remained a Seller's Market.
Key Takeaway
Mar Lee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mar Lee, CO
How much do homes in Mar Lee, CO cost?
Median Sold Price
$495,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,500(-4.3%)
Key Takeaway
Homes in Mar Lee have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Mar Lee was $495,000 in November 2024, down 4.3% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $229K | N/A |
| 2 Bedrooms | $450K | $430.3K | -4.4% |
| 3 Bedrooms | $510K | $477.5K | -6.4% |
| 4 Bedrooms | $550K | $519K | -5.6% |
| 5+ Bedrooms | $658.5K | $524.5K | -20.3% |
Summary: Mar Lee 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 decreased by 4.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in Mar Lee, CO
How many homes are available in Mar Lee, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 58 | -17.1% |
Summary: The Mar Lee real estate market had 58 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Mar Lee 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 16.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mar Lee, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Mar Lee in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for Mar Lee, CO
How long does it take to sell a home in Mar Lee, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +11.4% |
Summary: Homes in Mar Lee had an average of 31 days on market in Nov 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
10 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 Mar Lee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Mar Lee; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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