Is Rockrimmon, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockrimmon is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Rockrimmon has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Rockrimmon, CO

How much do homes in Rockrimmon, CO cost?

Median Sold Price

$637,300

$211/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$2,600(-0.4%)

Key Takeaway

The sold price of homes in Rockrimmon has remained the same since last month.

Summary: The median home sold price in Rockrimmon was $637,300 in November 2024, down 0.4% from last month, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $475K-
N/A
3 $330K-
N/A
4 $819.9K$637.3K
-22.3%
5+ $695K-
N/A

Summary: Rockrimmon 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Pinecliffe
+162.0%
Rockrimmon
-0.4%
Northwest Colorado Springs
-1.8%

Housing Supply in Rockrimmon, CO

How many homes are available in Rockrimmon, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7380+9.6%

Summary: The Rockrimmon real estate market had 80 homes for sale in November 2024, a 9.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 1517
+13.3%
3 1522
+46.7%
4 2122
+4.8%
5+ 1613
-18.8%

Summary: The Rockrimmon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 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 Rockrimmon, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Rockrimmon in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Rockrimmon, CO

How long does it take to sell a home in Rockrimmon, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days29 Days+1.3%

Summary: Homes in Rockrimmon had an average of 29 days on market in Nov 2024, up by 1.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Rockrimmon; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 10/01/2024 - 12/01/2024

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