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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Speer is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Speer was a Neutral Market.

Key Takeaway

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

Housing Prices in Speer, CO

How much do homes in Speer, CO cost?

Median Sold Price

$568,350

$463/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$39,150(-6.4%)

Key Takeaway

Homes in Speer have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Speer was $568,350 in November 2024, down 6.4% from last year, and the median price per square foot was $463.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $345K$308K
-10.7%
2 $522.5K$440K
-15.8%
3 $860K$808.2K
-6.0%
4 $965K$947.7K
-1.8%
5+ $920.3K$1.0M
+13.5%

Summary: Speer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Neighborhoods

Alamo Placita
+23.5%
Speer
-6.4%

Housing Supply in Speer, CO

How many homes are available in Speer, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8780-8.0%

Summary: The Speer real estate market had 80 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2727
0.0%
2 2820
-28.6%
3 1111
0.0%
4 1313
0.0%
5+ 89
+12.5%

Summary: The Speer 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Speer, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Speer in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
24 Days63 Days+157.9%

Summary: Homes in Speer had an average of 63 days on market in Nov 2024, up by 157.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Speer has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Speer; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

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Last updated on: 12/18/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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