Is Red Feather Lakes, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Feather Lakes is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Red Feather Lakes has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Red Feather Lakes, CO

How much do homes in Red Feather Lakes, CO cost?

Median Sold Price

$395,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,500(-4.2%)

Key Takeaway

Homes in Red Feather Lakes have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Red Feather Lakes was $395,000 in November 2024, down 4.2% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$264.5K
+13.8%
2 $395K$400K
+1.3%
3 $470.9K$430K
-8.7%
4 $545K$480K
-11.9%
5+ --
N/A

Summary: Red Feather Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Livermore
-4.0%
Red Feather Lakes
-4.2%

Housing Supply in Red Feather Lakes, CO

How many homes are available in Red Feather Lakes, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3739+5.4%

Summary: The Red Feather Lakes real estate market had 39 homes for sale in November 2024, a 5.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1416
+14.3%
3 1312
-7.7%
4 55
0.0%
5+ 11
0.0%

Summary: The Red Feather Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Feather Lakes, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Red Feather Lakes in November 2024, up by 233.3% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for Red Feather Lakes, CO

How long does it take to sell a home in Red Feather Lakes, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days84 Days+263.4%

Summary: Homes in Red Feather Lakes had an average of 84 days on market in Nov 2024, up by 263.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Red Feather Lakes has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Red Feather Lakes; 10% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

Newest Listings in Red Feather Lakes, CO

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