$4,750 Closing Credit*
$400,000
1,160 SqFt
3 Beds
•2 Full Baths
Sam Sparks, Listing Office: Realty One Group Apex
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
$433,000
$225/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$17,000(-3.8%)
Key Takeaway
Homes in Powers have sold for 3.8% less than they did a month ago.
Summary: The median home sold price in Powers was $433,000 in October 2024, down 3.8% from last month, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $249K | N/A |
| 2 Bedrooms | $405K | $327.5K | -19.1% |
| 3 Bedrooms | $425K | $425K | 0.0% |
| 4 Bedrooms | $460K | $450K | -2.2% |
| 5+ Bedrooms | $530K | $533K | +0.6% |
Summary: Powers housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Cimarron Hills | $328.2K | $372.5K | +13.5% |
| Springs Ranch | $447.5K | $452K | +1.0% |
| Claremont Ranch | $442K | $442.4K | 0.1% |
| Powers | $450K | $433K | -3.8% |
| Rustic Hills | $409.8K | $377K | -8.0% |
Housing Supply in Powers, CO
How many homes are available in Powers, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 240 | 311 | +29.6% |
Summary: The Powers real estate market had 311 homes for sale in October 2024, a 29.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 39 | 42 | +7.7% |
| 3 Bedrooms | 101 | 139 | +37.6% |
| 4 Bedrooms | 58 | 73 | +25.9% |
| 5+ Bedrooms | 41 | 56 | +36.6% |
Summary: The Powers housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 37.6%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 36.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powers, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Powers in October 2024, down by 10.3% month-over-month. Of the 26 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 20 Days | -41.5% |
Summary: Homes in Powers had an average of 20 days on market in Oct 2024, down by 41.5% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 26 homes were sold in Powers; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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