Is Pierce, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pierce is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pierce was a Buyer's Market.

Key Takeaway

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

Housing Prices in Pierce, CO

How much do homes in Pierce, CO cost?

Median Sold Price

$447,500

$237/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$15,500(-3.3%)

Key Takeaway

Homes in Pierce have sold for 3.3% less than they did a month ago.

Summary: The median home sold price in Pierce was $447,500 in November 2024, down 3.3% from last month, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $463K$430K
-7.1%
4 --
N/A
5+ -$635K
N/A

Summary: Pierce housing prices by bedroom type for November 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 decreased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pierce, CO

How many homes are available in Pierce, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1819+5.6%

Summary: The Pierce real estate market had 19 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 1010
0.0%
4 23
+50.0%
5+ 55
0.0%

Summary: The Pierce 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 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Pierce in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Pierce, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
34 Days64 Days+86.2%

Summary: Homes in Pierce had an average of 64 days on market in Nov 2024, up by 86.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pierce has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Pierce; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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