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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salida is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Salida was a Seller's Market.

Key Takeaway

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

Housing Prices in Salida, CO

How much do homes in Salida, CO cost?

Median Sold Price

$695,000

$454/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$112,000(-13.9%)

Key Takeaway

Homes in Salida have sold for 13.9% less than they did a month ago.

Summary: The median home sold price in Salida was $695,000 in November 2024, down 13.9% from last month, and the median price per square foot was $454.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$479K
N/A
3 $702K$695K
-1.0%
4 $1.0M$865K
-21.3%
5+ $1.0M-
N/A

Summary: Salida 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 decreased by 1%, 4 bedroom homes decreased by 21.3%, 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

Oct 2024Nov 2024CHANGE
9890-8.2%

Summary: The Salida real estate market had 90 homes for sale in November 2024, a 8.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 56
+20.0%
2 1819
+5.6%
3 5649
-12.5%
4 1514
-6.7%
5+ 42
-50.0%

Summary: The Salida housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
209-55.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Salida in November 2024, down by 55.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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 2024Nov 2024CHANGE
91 Days113 Days+24.7%

Summary: Homes in Salida had an average of 113 days on market in Nov 2024, up by 24.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Salida has remained consistent over time.

Summary: During November 2024, 9 homes were sold in Salida; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 44% 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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