Is Powers, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Powers has remained a Buyer's Market.
Housing Prices in Powers, CO
How much do homes in Powers, CO cost?
Median Sold Price
$465,000
$225/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Powers was $465,000 in May 2024, down 2% from last month, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $331.4K | - | N/A |
3 Bedrooms | $413K | $450K | +9.0% |
4 Bedrooms | $548K | $540K | -1.5% |
5+ Bedrooms | $555K | $452.5K | -18.5% |
Summary: Powers housing prices by bedroom type for May 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 9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 18.5%.
Median Sold Price Compared To Nearby Neighborhoods
Cimarron Hills | $347.9K | $535K | +53.8% |
Springs Ranch | $413K | $476K | +15.3% |
Rustic Hills | $410K | $410K | 0.0% |
Powers | $474.4K | $465K | -2.0% |
Housing Supply in Powers, CO
How many homes are available in Powers, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 260 | +56.6% |
Summary: The Powers real estate market had 260 homes for sale in May 2024, a 56.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 34 | +70.0% |
3 Bedrooms | 77 | 118 | +53.2% |
4 Bedrooms | 48 | 72 | +50.0% |
5+ Bedrooms | 21 | 36 | +71.4% |
Summary: The Powers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 53.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Powers in May 2024, down by 5.0% month-over-month. Of the 19 sold homes, 16% were sold under asking, 47% were sold at asking, and 37% were sold over asking.
Days on Market for Powers, CO
How long does it take to sell a home in Powers, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 Days | 25 Days | -9.0% |
Summary: Homes in Powers had an average of 25 days on market in May 2024, down by 9% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Powers; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.