$5,700 Closing Credit*
$480,000
2,145 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jeffrey Zoerb, Listing Office: Pieters Realty
Is Sherrelwood Estates, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-0.4%)
Key Takeaway
The sold price of homes in Sherrelwood Estates has remained the same since last year.
Summary: The median home sold price in Sherrelwood Estates was $475,000 in October 2024, down 0.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $242K | $227.2K | -6.1% |
| 3 Bedrooms | $458K | $438.5K | -4.3% |
| 4 Bedrooms | $485K | $480K | -1.0% |
| 5+ Bedrooms | $802K | $520K | -35.2% |
Summary: Sherrelwood Estates 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 decreased by 6.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The Sherrelwood Estates real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Sherrelwood Estates 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherrelwood Estates, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Sherrelwood Estates in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +89.3% |
Summary: Homes in Sherrelwood Estates had an average of 44 days on market in Oct 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherrelwood Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Sherrelwood Estates; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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