$4,928 Closing Credit*
$415,000
1,783 SqFt
4 Beds
•1 Full Bath, 1 Partial
Aracely Arvizu, Listing Office: Equity Colorado Real Estate
Is Palmer 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, Palmer Park was a Seller's Market.
Key Takeaway
Palmer Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmer Park, CO
How much do homes in Palmer Park, CO cost?
Median Sold Price
$425,000
$213/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$27,550(+6.9%)
Key Takeaway
Homes in Palmer Park have sold for 6.9% more than they did a month ago.
Summary: The median home sold price in Palmer Park was $425,000 in October 2024, up 6.9% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $339K | - | N/A |
| 4 Bedrooms | $412K | $425K | +3.2% |
| 5+ Bedrooms | - | $457.5K | N/A |
Summary: Palmer Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Wasson | $337.5K | $475K | +40.7% |
| Palmer Park | $397.4K | $425K | +6.9% |
| East Colorado Springs | $409.8K | $410K | 0.0% |
| Rustic Hills | $409.8K | $377K | -8.0% |
| Village Seven | $422.5K | $385K | -8.9% |
Housing Supply in Palmer Park, CO
How many homes are available in Palmer Park, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Palmer Park real estate market had 36 homes for sale in October 2024, a 24.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Palmer 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 increased by 40%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Palmer Park in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Palmer Park, CO
How long does it take to sell a home in Palmer Park, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 9 Days | -68.0% |
Summary: Homes in Palmer Park had an average of 9 days on market in Oct 2024, down by 68% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Palmer Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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