$4,156 Closing Credit*
$350,000
1,372 SqFt
3 Beds
•1 Full Bath
Elizabeth Reeder, Listing Office: Colorado Homestead Realty
Is Simla, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Simla has remained a Seller's Market.
Key Takeaway
Simla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simla, CO
How much do homes in Simla, CO cost?
Median Sold Price
$497,500
$348/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$278,500(+127.2%)
Key Takeaway
Homes in Simla have sold for 127.2% more than they did a month ago.
Summary: The median home sold price in Simla was $497,500 in October 2024, up 127.2% from last month, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $300K | $299K | -0.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $696K | N/A |
Summary: Simla housing prices by bedroom type for October 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 0.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Simla, CO
How many homes are available in Simla, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Simla real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Simla housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Simla, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Simla in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Simla, CO
How long does it take to sell a home in Simla, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 57 Days | +161.4% |
Summary: Homes in Simla had an average of 57 days on market in Oct 2024, up by 161.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Simla are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Simla; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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