$6,994 Closing Credit*
$589,000
1,320 SqFt
3 Beds
•3 Full Baths
Trelora Realty Team, Listing Office: TRELORA Realty, Inc.
Is Morse Park, 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, Morse Park has remained a Seller's Market.
Key Takeaway
Morse Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morse Park, CO
How much do homes in Morse Park, CO cost?
Median Sold Price
$641,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$46,500(-6.8%)
Key Takeaway
Homes in Morse Park have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Morse Park was $641,000 in October 2024, down 6.8% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $481K | $498.5K | +3.6% |
| 3 Bedrooms | $670K | $635.5K | -5.1% |
| 4 Bedrooms | $757K | $775K | +2.4% |
| 5+ Bedrooms | $945K | $949.5K | 0.5% |
Summary: Morse Park 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 3.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in Morse Park, CO
How many homes are available in Morse Park, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Morse Park real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Morse Park 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Morse Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Morse Park in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Morse Park, CO
How long does it take to sell a home in Morse Park, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 59 Days | +254.0% |
Summary: Homes in Morse Park had an average of 59 days on market in Oct 2024, up by 254% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Morse Park has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Morse Park; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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