$9,441 Closing Credit*
$795,000
1,727 SqFt
2 Beds
•1 Full Bath, 1 Partial
Joy Dysart, Listing Office: HomeSmart
Is Southmoor Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Southmoor Park was a Buyer's Market.
Key Takeaway
Southmoor Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southmoor Park, CO
How much do homes in Southmoor Park, CO cost?
Median Sold Price
$762,500
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$32,500(-4.1%)
Key Takeaway
Homes in Southmoor Park have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Southmoor Park was $762,500 in November 2024, down 4.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432K | $450K | +4.2% |
| 2 Bedrooms | $341.6K | $380K | +11.2% |
| 3 Bedrooms | $770K | $415K | -46.1% |
| 4 Bedrooms | $849.5K | $1.1M | +38.0% |
| 5+ Bedrooms | $915K | $1.0M | +16.0% |
Summary: Southmoor Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 46.1%, 4 bedroom homes increased by 38%, and 5+ bedroom homes increased by 16%.
Housing Supply in Southmoor Park, CO
How many homes are available in Southmoor Park, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The Southmoor Park real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southmoor Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Southmoor Park in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 141 Days | 58 Days | -58.7% |
Summary: Homes in Southmoor Park had an average of 58 days on market in Nov 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southmoor Park has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Southmoor Park; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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