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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, 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

$823,750

$356/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$462,500(+128.0%)

Key Takeaway

Homes in Southmoor Park have sold for 128% more than they did a month ago.

Summary: The median home sold price in Southmoor Park was $823,750 in October 2024, up 128% from last month, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$581K
N/A
3 $361.2K-
N/A
4 -$1.0M
N/A
5+ -$890K
N/A

Summary: Southmoor Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Southmoor Park
+128.0%
Bellmont Heights
+107.6%

Housing Supply in Southmoor Park, CO

How many homes are available in Southmoor Park, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The Southmoor Park real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 45
+25.0%
4 57
+40.0%
5+ 67
+16.7%

Summary: The Southmoor Park 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 increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southmoor Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Southmoor Park in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Sep 2024Oct 2024CHANGE
15 Days35 Days+131.2%

Summary: Homes in Southmoor Park had an average of 35 days on market in Oct 2024, up by 131.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Southmoor Park; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 13 Days Ago

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