Is Southridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southridge is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Southridge has remained a Seller's Market.

Key Takeaway

Southridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southridge, CO

How much do homes in Southridge, CO cost?

Median Sold Price

$778,800

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$28,199(-3.5%)

Key Takeaway

Homes in Southridge have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Southridge was $778,800 in December 2024, down 3.5% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $680.9K$545K
-20.0%
3 $643K$652.2K
+1.4%
4 $795K$780K
-1.9%
5+ $970K$983.7K
+1.4%

Summary: Southridge housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 1.4%.

Housing Supply in Southridge, CO

How many homes are available in Southridge, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6758-13.4%

Summary: The Southridge real estate market had 58 homes for sale in December 2024, a 13.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2220
-9.1%
4 2218
-18.2%
5+ 2017
-15.0%

Summary: The Southridge housing inventory by bedroom type for December 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 9.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1817-5.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southridge, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Southridge in December 2024, down by 5.6% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for Southridge, CO

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

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days58 Days+59.8%

Summary: Homes in Southridge had an average of 58 days on market in Dec 2024, up by 59.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 17 homes were sold in Southridge; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 6 Days Ago

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Last updated on: 1/6/2025, 7:12:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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