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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

North Eastern Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Eastern Plains, CO

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

Median Sold Price

$925,000

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$123,750(-11.8%)

Key Takeaway

Homes in North Eastern Plains have sold for 11.8% less than they did a year ago.

Summary: The median home sold price in North Eastern Plains was $925,000 in October 2024, down 11.8% from last year, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$350K
N/A
2 $1.0M$625K
-39.0%
3 $894.9K$849.9K
-5.0%
4 $1.4M$1.0M
-26.1%
5+ $1.3M$2.0M
+54.1%

Summary: North Eastern Plains 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 decreased by 39%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 26.1%, 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

Sep 2024Oct 2024CHANGE
2428+16.7%

Summary: The North Eastern Plains real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1315
+15.4%
4 88
0.0%
5+ 24
+100.0%

Summary: The North Eastern Plains 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 increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Eastern Plains, 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 North Eastern Plains in October 2024, up by 50.0% 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 North Eastern Plains, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days177 Days+463.7%

Summary: Homes in North Eastern Plains had an average of 177 days on market in Oct 2024, up by 463.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in North Eastern Plains are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in North Eastern Plains; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

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