Is Scenic Heights, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scenic Heights is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Scenic Heights has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Scenic Heights, CO

How much do homes in Scenic Heights, CO cost?

Median Sold Price

$675,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,611(-0.4%)

Key Takeaway

The sold price of homes in Scenic Heights has remained the same since last year.

Summary: The median home sold price in Scenic Heights was $675,000 in October 2024, down 0.4% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $310K$682.5K
+120.2%
3 $639K$656.5K
+2.7%
4 $665K$655K
-1.5%
5+ $765K$760K
-0.7%

Summary: Scenic Heights 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 120.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.7%.

Housing Supply in Scenic Heights, CO

How many homes are available in Scenic Heights, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2732+18.5%

Summary: The Scenic Heights real estate market had 32 homes for sale in October 2024, a 18.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 88
0.0%
4 1314
+7.7%
5+ 58
+60.0%

Summary: The Scenic Heights 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scenic Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Scenic Heights in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Scenic Heights, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days54 Days+193.5%

Summary: Homes in Scenic Heights had an average of 54 days on market in Oct 2024, up by 193.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scenic Heights has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Scenic Heights; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% 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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