$6,531 Closing Credit*
$550,000
2,060 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jacob Stark, Listing Office: 8z Real Estate
Is Summer Valley, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Summer Valley has remained a Seller's Market.
Key Takeaway
Summer Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summer Valley, CO
How much do homes in Summer Valley, CO cost?
Median Sold Price
$459,125
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,625(-2.5%)
Key Takeaway
Homes in Summer Valley have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Summer Valley was $459,125 in October 2024, down 2.5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $404.5K | +12.4% |
| 3 Bedrooms | $460K | $452.5K | -1.6% |
| 4 Bedrooms | $476.5K | $475K | -0.3% |
| 5+ Bedrooms | $545K | $570K | +4.6% |
Summary: Summer Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Summer Valley, CO
How many homes are available in Summer Valley, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Summary: The Summer Valley real estate market had 36 homes for sale in October 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Summer Valley 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 remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summer Valley, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Summer Valley in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Summer Valley, CO
How long does it take to sell a home in Summer Valley, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 38 Days | +208.9% |
Summary: Homes in Summer Valley had an average of 38 days on market in Oct 2024, up by 208.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Summer Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Summer Valley; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 