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 buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Red Feather Lakes was a Seller's Market.

Key Takeaway

Red Feather Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Red Feather Lakes, CO

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

Median Sold Price

$400,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,500(-3.0%)

Key Takeaway

Homes in Red Feather Lakes have sold for 3% less than they did a year ago.

Summary: The median home sold price in Red Feather Lakes was $400,000 in October 2024, down 3% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.5K$230K
-1.1%
2 $390.5K$400K
+2.4%
3 $472K$430K
-8.9%
4 $545K$630K
+15.6%
5+ --
N/A

Summary: Red Feather Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Red Feather Lakes
-3.0%
Livermore
-3.0%

Housing Supply in Red Feather Lakes, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
42420.0%

Summary: The Red Feather Lakes real estate market had 42 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 1817
-5.6%
3 1515
0.0%
4 45
+25.0%
5+ 01
+100.0%

Summary: The Red Feather Lakes housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Red Feather Lakes in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
54 Days50 Days-7.6%

Summary: Homes in Red Feather Lakes had an average of 50 days on market in Oct 2024, down by 7.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Red Feather Lakes are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Red Feather Lakes; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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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