Is Phillips County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phillips County is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Phillips County was a Neutral Market.

Key Takeaway

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

Housing Prices in Phillips County, CO

How much do homes in Phillips County, CO cost?

Median Sold Price

$250,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,500(+17.6%)

Key Takeaway

Homes in Phillips County have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Phillips County was $250,000 in November 2024, up 17.6% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K-
N/A
2 $149.5K$159K
+6.4%
3 $215K$235K
+9.3%
4 $250K$272.5K
+9.0%
5+ $355K$315K
-11.3%

Summary: Phillips County 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 increased by 6.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 11.3%.

Housing Supply in Phillips County, CO

How many homes are available in Phillips County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1821+16.7%

Summary: The Phillips County real estate market had 21 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 55
0.0%
4 34
+33.3%
5+ 24
+100.0%

Summary: The Phillips County 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 remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phillips County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Phillips County in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Phillips County, CO

How long does it take to sell a home in Phillips County, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days110 Days+224.3%

Summary: Homes in Phillips County had an average of 110 days on market in Nov 2024, up by 224.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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 Phillips County has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Phillips County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in Phillips County, CO

Nearby Markets to Phillips County, CO

What housing markets are near Phillips County, CO?