Is South Eastern Plains, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Eastern Plains is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, South Eastern Plains has remained a Seller's Market.

Key Takeaway

South Eastern Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Eastern Plains, CO

How much do homes in South Eastern Plains, CO cost?

Median Sold Price

$737,500

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$29,500(-3.8%)

Key Takeaway

Homes in South Eastern Plains have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in South Eastern Plains was $737,500 in August 2024, down 3.8% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $610K$640.5K
+5.0%
3 $675K$618.7K
-8.3%
4 $764K$782.4K
+2.4%
5+ $975K$989.5K
+1.5%

Summary: South Eastern Plains housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Neighborhoods

Northwest Lafayette / Indian Peaks
-3.6%
South Eastern Plains
-3.8%

Housing Supply in South Eastern Plains, CO

How many homes are available in South Eastern Plains, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
147144-2.0%

Summary: The South Eastern Plains real estate market had 144 homes for sale in August 2024, a 2.0% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 5349
-7.5%
4 4441
-6.8%
5+ 3843
+13.2%

Summary: The South Eastern Plains housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 13.2%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
3729-21.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Eastern Plains, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in South Eastern Plains in August 2024, down by 21.6% month-over-month. Of the 29 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% were sold over asking.

Days on Market for South Eastern Plains, CO

How long does it take to sell a home in South Eastern Plains, CO?

Average Sale Time

Aug 2023Aug 2024CHANGE
24 Days43 Days+75.1%

Summary: Homes in South Eastern Plains had an average of 43 days on market in Aug 2024, up by 75.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Eastern Plains are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 29 homes were sold in South Eastern Plains; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% 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 7 Days Ago

Newest Listings in South Eastern Plains, CO

Nearby Markets to South Eastern Plains, CO