Is Poncha Springs, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poncha Springs is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Poncha Springs was a Buyer's Market.

Key Takeaway

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

Housing Prices in Poncha Springs, CO

How much do homes in Poncha Springs, CO cost?

Median Sold Price

$579,900

$354/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$89,900(+18.3%)

Key Takeaway

Homes in Poncha Springs have sold for 18.3% more than they did a month ago.

Summary: The median home sold price in Poncha Springs was $579,900 in November 2024, up 18.3% from last month, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $490K$575K
+17.3%
4 -$579.9K
N/A
5+ -$1.0M
N/A

Summary: Poncha Springs 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 increased by 17.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Poncha Springs, CO

How many homes are available in Poncha Springs, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2728+3.7%

Summary: The Poncha Springs real estate market had 28 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1718
+5.9%
4 44
0.0%
5+ 22
0.0%

Summary: The Poncha Springs 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 increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poncha Springs, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Poncha Springs in November 2024, up by 600.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for Poncha Springs, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
10 Days48 Days+385.7%

Summary: Homes in Poncha Springs had an average of 48 days on market in Nov 2024, up by 385.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Poncha Springs are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Poncha Springs; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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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