Is Pheasant Run, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pheasant Run is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pheasant Run has remained a Seller's Market.

Key Takeaway

Pheasant Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pheasant Run, CO

How much do homes in Pheasant Run, CO cost?

Median Sold Price

$478,750

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,750(+11.3%)

Key Takeaway

Homes in Pheasant Run have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Pheasant Run was $478,750 in October 2024, up 11.3% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $358K-
N/A
2 $330K$317K
-3.9%
3 $410K$419.9K
+2.4%
4 $534K$510K
-4.5%
5+ $602K$509.9K
-15.3%

Summary: Pheasant Run 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 3.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 15.3%.

Housing Supply in Pheasant Run, CO

How many homes are available in Pheasant Run, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Pheasant Run real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 911
+22.2%
4 57
+40.0%
5+ 65
-16.7%

Summary: The Pheasant Run 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 22.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pheasant Run, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pheasant Run in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Pheasant Run, CO

How long does it take to sell a home in Pheasant Run, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days64 Days+320.0%

Summary: Homes in Pheasant Run had an average of 64 days on market in Oct 2024, up by 320% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pheasant Run has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Pheasant Run; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/21/2024, 7:12:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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