Is South Park Hill, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Park Hill is a seller's market

Buyer's
Market

Difference Since October 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

$969,500

$432/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$110,500(-10.2%)

Key Takeaway

Homes in South Park Hill have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in South Park Hill was $969,500 in October 2024, down 10.2% from last year, and the median price per square foot was $432.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$224.9K
+9.7%
2 $841.2K$550.5K
-34.6%
3 $851K$736.2K
-13.5%
4 $1.2M$1.2M
0.0%
5+ $1.8M$1.7M
-3.6%

Summary: South Park Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes did not change, 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

Sep 2024Oct 2024CHANGE
4642-8.7%

Summary: The South Park Hill real estate market had 42 homes for sale in October 2024, a 8.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 66
0.0%
3 1411
-21.4%
4 1512
-20.0%
5+ 911
+22.2%

Summary: The South Park Hill 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 decreased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Park Hill, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in South Park Hill in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
20 Days64 Days+210.0%

Summary: Homes in South Park Hill had an average of 64 days on market in Oct 2024, up by 210% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in South Park Hill; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

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