$10,000 Closing Credit*
$1,360,000
2,882 SqFt
4 Beds
•1 Full Bath, 4 Partial
Jessica Whitehall, Listing Office: Porchlight Real Estate Group
Is South Park Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Park Hill has remained a Seller's Market.
Key Takeaway
South Park Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Park Hill, CO
How much do homes in South Park Hill, CO cost?
Median Sold Price
$950,000
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$175,000(-15.6%)
Key Takeaway
Homes in South Park Hill have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in South Park Hill was $950,000 in November 2024, down 15.6% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $267.4K | +52.0% |
| 2 Bedrooms | $841.2K | $550.5K | -34.6% |
| 3 Bedrooms | $851K | $751.5K | -11.7% |
| 4 Bedrooms | $1.2M | $1.1M | -9.1% |
| 5+ Bedrooms | $1.8M | $1.7M | -3.6% |
Summary: South Park Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in South Park Hill, CO
How many homes are available in South Park Hill, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The South Park Hill real estate market had 32 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The South Park Hill 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 9.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in South Park Hill in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for South Park Hill, CO
How long does it take to sell a home in South Park Hill, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 46 Days | +135.5% |
Summary: Homes in South Park Hill had an average of 46 days on market in Nov 2024, up by 135.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Park Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in South Park Hill; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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