Is Sherrelwood Estates, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherrelwood Estates is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sherrelwood Estates has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sherrelwood Estates, CO

How much do homes in Sherrelwood Estates, CO cost?

Median Sold Price

$475,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,000(+4.6%)

Key Takeaway

Homes in Sherrelwood Estates have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Sherrelwood Estates was $475,000 in November 2024, up 4.6% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$210K
N/A
2 $244.7K$227.2K
-7.2%
3 $456K$438.5K
-3.8%
4 $475K$482.5K
+1.6%
5+ $802K$520K
-35.2%

Summary: Sherrelwood Estates 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 decreased by 7.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 35.2%.

Housing Supply in Sherrelwood Estates, CO

How many homes are available in Sherrelwood Estates, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2921-27.6%

Summary: The Sherrelwood Estates real estate market had 21 homes for sale in November 2024, a 27.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 117
-36.4%
4 129
-25.0%
5+ 22
0.0%

Summary: The Sherrelwood Estates 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 25%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

2 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 Sherrelwood Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sherrelwood Estates in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Sherrelwood Estates, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days15 Days+69.4%

Summary: Homes in Sherrelwood Estates had an average of 15 days on market in Nov 2024, up by 69.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Sherrelwood Estates; 100% of homes were sold within 30 days, 0% 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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