$4,453 Closing Credit*
$375,000
960 SqFt
2 Beds
•1 Full Bath
Dani Kuhlmann, Listing Office: Mountain City Realty Inc.
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.
Key Takeaway
Powers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Powers, CO
How much do homes in Powers, CO cost?
Median Sold Price
$440,000
$229/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$4,000(+0.9%)
Key Takeaway
Homes in Powers have sold for 0.9% more than they did a month ago.
Summary: The median home sold price in Powers was $440,000 in November 2024, up 0.9% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249K | - | N/A |
| 2 Bedrooms | $327.5K | $237.5K | -27.5% |
| 3 Bedrooms | $425K | $440K | +3.5% |
| 4 Bedrooms | $450K | $517.4K | +15.0% |
| 5+ Bedrooms | $504K | $445K | -11.7% |
Summary: Powers 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 decreased by 27.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Rustic Hills | $377K | $395K | +4.8% |
| Powers | $436K | $440K | +0.9% |
| Claremont Ranch | $442.4K | $439K | -0.8% |
| Cimarron Hills | $372.5K | $275K | -26.2% |
Housing Supply in Powers, CO
How many homes are available in Powers, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 249 | 285 | +14.5% |
Summary: The Powers real estate market had 285 homes for sale in November 2024, a 14.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 32 | 43 | +34.4% |
| 3 Bedrooms | 114 | 127 | +11.4% |
| 4 Bedrooms | 59 | 68 | +15.3% |
| 5+ Bedrooms | 43 | 47 | +9.3% |
Summary: The Powers housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 10 | -65.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powers, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Powers in November 2024, down by 65.5% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 46 Days | +129.6% |
Summary: Homes in Powers had an average of 46 days on market in Nov 2024, up by 129.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powers are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Powers; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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