$7,838 Closing Credit*
$660,000
4,516 SqFt
5 Beds
•3 Full Baths, 2 Partial
Shireka Strange MRP RENE, Listing Office: The Cutting Edge
Is Springs Ranch, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Springs Ranch has remained a Buyer's Market.
Key Takeaway
Springs Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Springs Ranch, CO
How much do homes in Springs Ranch, CO cost?
Median Sold Price
$452,000
$232/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$4,500(+1.0%)
Key Takeaway
Homes in Springs Ranch have sold for 1% more than they did a month ago.
Summary: The median home sold price in Springs Ranch was $452,000 in October 2024, up 1% from last month, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | - | N/A |
| 3 Bedrooms | $462.4K | $395K | -14.6% |
| 4 Bedrooms | $460K | $485K | +5.4% |
| 5+ Bedrooms | $515K | $533K | +3.5% |
Summary: Springs Ranch 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 decreased by 14.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cimarron Hills | $328.2K | $372.5K | +13.5% |
| Springs Ranch | $447.5K | $452K | +1.0% |
| Claremont Ranch | $442K | $442.4K | 0.1% |
| Stetson Hills | $460K | $443K | -3.7% |
| Powers | $450K | $433K | -3.8% |
Housing Supply in Springs Ranch, CO
How many homes are available in Springs Ranch, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 129 | +26.5% |
Summary: The Springs Ranch real estate market had 129 homes for sale in October 2024, a 26.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 47 | 61 | +29.8% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Springs Ranch 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 increased by 14.3%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springs Ranch, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Springs Ranch in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Springs Ranch, CO
How long does it take to sell a home in Springs Ranch, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -38.5% |
Summary: Homes in Springs Ranch had an average of 20 days on market in Oct 2024, down by 38.5% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springs Ranch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Springs Ranch; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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