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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Speer is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Speer is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Speer, CO

How much do homes in Speer, CO cost?

Median Sold Price

$530,000

$463/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$130,000(-19.7%)

Key Takeaway

Homes in Speer have sold for 19.7% less than they did a year ago.

Summary: The median home sold price in Speer was $530,000 in October 2024, down 19.7% from last year, and the median price per square foot was $463.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $284.5K$311K
+9.3%
2 $527.5K$440K
-16.6%
3 $855K$791.2K
-7.5%
4 $965K$1.0M
+6.2%
5+ $932.5K$1.0M
+12.1%

Summary: Speer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Neighborhoods

Alamo Placita
-9.9%
Speer
-19.7%

Housing Supply in Speer, CO

How many homes are available in Speer, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8291+11.0%

Summary: The Speer real estate market had 91 homes for sale in October 2024, a 11.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2730
+11.1%
2 2329
+26.1%
3 1010
0.0%
4 1314
+7.7%
5+ 98
-11.1%

Summary: The Speer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 26.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Speer, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Speer in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 54% were sold at asking, and 8% were sold over asking.

Days on Market for Speer, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days49 Days+34.9%

Summary: Homes in Speer had an average of 49 days on market in Oct 2024, up by 34.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Speer; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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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Last updated on: 11/17/2024, 3:12:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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