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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southmoor Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Southmoor Park was a Seller's Market.

Key Takeaway

Southmoor Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Southmoor Park, CO

How much do homes in Southmoor Park, CO cost?

Median Sold Price

$524,500

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,500(-3.6%)

Key Takeaway

Homes in Southmoor Park have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Southmoor Park was $524,500 in November 2024, down 3.6% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $455K$416K
-8.6%
3 $500K$462.5K
-7.5%
4 $610K$576.2K
-5.5%
5+ $802.5K$575K
-28.3%

Summary: Southmoor Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 28.3%.

Housing Supply in Southmoor Park, CO

How many homes are available in Southmoor Park, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
31310.0%

Summary: The Southmoor Park real estate market had 31 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1217
+41.7%
4 107
-30.0%
5+ 33
0.0%

Summary: The Southmoor Park 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 33.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southmoor Park, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Southmoor Park in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for Southmoor Park, CO

How long does it take to sell a home in Southmoor Park, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days59 Days+12.3%

Summary: Homes in Southmoor Park had an average of 59 days on market in Nov 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southmoor Park has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Southmoor Park; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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