$5,344 Closing Credit*
$450,000
749 SqFt
2 Beds
•1 Full Bath
Cameryn Porter Choate, Listing Office: LPT Realty
Is Morse Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Morse Park was a Seller's Market.
Key Takeaway
Morse Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Morse Park, CO
How much do homes in Morse Park, CO cost?
Median Sold Price
$625,000
$517/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$65,000(-9.4%)
Key Takeaway
Homes in Morse Park have sold for 9.4% less than they did a month ago.
Summary: The median home sold price in Morse Park was $625,000 in September 2024, down 9.4% from last month, and the median price per square foot was $517.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $551.2K | $625K | +13.4% |
| 3 Bedrooms | $650K | $608K | -6.5% |
| 4 Bedrooms | $690K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Morse Park housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Morse Park, CO
How many homes are available in Morse Park, CO?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Summary: The Morse Park real estate market had 21 homes for sale in September 2024, a 22.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Morse Park housing inventory by bedroom type for September 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 30%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morse Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Morse Park in September 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 27 Days | +74.5% |
Summary: Homes in Morse Park had an average of 27 days on market in Sep 2024, up by 74.5% 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
Key Takeaway
Many homes in Morse Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Morse Park; 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.
Listings courtesy of REColorado as distributed by MLS GRID.
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