Is North Eastern Plains, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Eastern Plains is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Eastern Plains was a Buyer's Market.

Key Takeaway

North Eastern Plains 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 North Eastern Plains, CO

How much do homes in North Eastern Plains, CO cost?

Median Sold Price

$935,000

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$70,000(-7.0%)

Key Takeaway

Homes in North Eastern Plains have sold for 7% less than they did a year ago.

Summary: The median home sold price in North Eastern Plains was $935,000 in November 2024, down 7% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$350K
N/A
2 $953.1K$625K
-34.4%
3 $880.9K$849.9K
-3.5%
4 $1.4M$1.1M
-22.2%
5+ $1.3M$2.0M
+54.1%

Summary: North Eastern Plains 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 34.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 54.1%.

Housing Supply in North Eastern Plains, CO

How many homes are available in North Eastern Plains, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2427+12.5%

Summary: The North Eastern Plains real estate market had 27 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1116
+45.5%
4 85
-37.5%
5+ 45
+25.0%

Summary: The North Eastern Plains 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 remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer75%25%

Key Takeaway

If you're buying a home in North Eastern Plains, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Eastern Plains in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for North Eastern Plains, CO

How long does it take to sell a home in North Eastern Plains, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
2 Days49 Days+2362.5%

Summary: Homes in North Eastern Plains had an average of 49 days on market in Nov 2024, up by 2362.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times75%25%

Key Takeaway

Avg time on Rocket Homes in North Eastern Plains has remained consistent over time.

Summary: During November 2024, 4 homes were sold in North Eastern Plains; 25% of homes were sold within 30 days, 75% 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 18 Days Ago

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