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 November 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

$687,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,778(+1.7%)

Key Takeaway

Homes in Scenic Heights have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Scenic Heights was $687,000 in November 2024, up 1.7% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $310K$682.5K
+120.2%
3 $648.7K$656.5K
+1.2%
4 $662.5K$662.5K
0.0%
5+ $765K$777K
+1.6%

Summary: Scenic Heights housing prices by bedroom type for November 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 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.6%.

Housing Supply in Scenic Heights, CO

How many homes are available in Scenic Heights, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3025-16.7%

Summary: The Scenic Heights real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 88
0.0%
4 126
-50.0%
5+ 810
+25.0%

Summary: The Scenic Heights 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

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 Scenic Heights, 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 Scenic Heights in November 2024, down by 25.0% 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 Scenic Heights, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days48 Days+108.0%

Summary: Homes in Scenic Heights had an average of 48 days on market in Nov 2024, up by 108% 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 Scenic Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Scenic Heights; 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 17 Days Ago

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