Is River North (RiNo), CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing River North (RiNo) is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, River North (RiNo) has remained a Buyer's Market.

Key Takeaway

River North (RiNo) is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in River North (RiNo), CO

How much do homes in River North (RiNo), CO cost?

Median Sold Price

$347,500

$344/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$2,000(-0.6%)

Key Takeaway

Homes in River North (RiNo) have sold for 0.6% less than they did a month ago.

Summary: The median home sold price in River North (RiNo) was $347,500 in October 2024, down 0.6% from last month, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $349K-
N/A
2 $350K$347.5K
-0.7%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: River North (RiNo) 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 0.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in River North (RiNo), CO

How many homes are available in River North (RiNo), CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1721+23.5%

Summary: The River North (RiNo) real estate market had 21 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 1013
+30.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The River North (RiNo) 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 30%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in River North (RiNo), expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in River North (RiNo) in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for River North (RiNo), CO

How long does it take to sell a home in River North (RiNo), CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
46 Days173 Days+273.1%

Summary: Homes in River North (RiNo) had an average of 173 days on market in Oct 2024, up by 273.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 River North (RiNo) are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in River North (RiNo); 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 23 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 09/01/2024 - 11/01/2024

IDX Listings courtesy of REColorado as distributed by MLS GRID.

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Last updated on: 11/24/2024, 11:12:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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