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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salida is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Salida, CO

How much do homes in Salida, CO cost?

Median Sold Price

$699,450

$435/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$86,450(+14.1%)

Key Takeaway

Homes in Salida have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Salida was $699,450 in October 2024, up 14.1% from last year, and the median price per square foot was $435.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$465K
N/A
2 $525K$618K
+17.7%
3 $613K$693K
+13.1%
4 $859K$920K
+7.1%
5+ -$1.2M
N/A

Summary: Salida housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.

Housing Supply in Salida, CO

How many homes are available in Salida, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115110-4.3%

Summary: The Salida real estate market had 110 homes for sale in October 2024, a 4.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 76
-14.3%
2 1820
+11.1%
3 6863
-7.4%
4 1817
-5.6%
5+ 44
0.0%

Summary: The Salida housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salida, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Salida in October 2024, up by 5.3% month-over-month. Of the 20 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% were sold over asking.

Days on Market for Salida, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days91 Days+333.6%

Summary: Homes in Salida had an average of 91 days on market in Oct 2024, up by 333.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 20 homes were sold in Salida; 45% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% 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 16 Days Ago

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