Is Sable Ridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sable Ridge is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sable Ridge was a Buyer's Market.

Key Takeaway

Sable Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sable Ridge, CO

How much do homes in Sable Ridge, CO cost?

Median Sold Price

$312,000

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$23,000(-6.9%)

Key Takeaway

Homes in Sable Ridge have sold for 6.9% less than they did a year ago.

Summary: The median home sold price in Sable Ridge was $312,000 in November 2024, down 6.9% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $237K$222K
-6.3%
2 $312K$290K
-7.1%
3 $350K$352.5K
+0.7%
4 $485K$499.7K
+3.0%
5+ $460K$597.5K
+29.9%

Summary: Sable Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 29.9%.

Housing Supply in Sable Ridge, CO

How many homes are available in Sable Ridge, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2633+26.9%

Summary: The Sable Ridge real estate market had 33 homes for sale in November 2024, a 26.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1215
+25.0%
3 58
+60.0%
4 33
0.0%
5+ 22
0.0%

Summary: The Sable Ridge 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 25%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

4 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 Sable Ridge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sable Ridge in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Sable Ridge, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days31 Days+210.0%

Summary: Homes in Sable Ridge had an average of 31 days on market in Nov 2024, up by 210% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Sable Ridge; 50% of homes were sold within 30 days, 50% 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 22 Days Ago

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Last updated on: 12/22/2024, 6:12:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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