Is Summer Valley, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summer Valley is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $360K$404.5K
+12.4%
3 $460K$452.5K
-1.6%
4 $476.5K$475K
-0.3%
5+ $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 2024Oct 2024CHANGE
3036+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1818
0.0%
4 915
+66.7%
5+ 11
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 2024Oct 2024CHANGE
410+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
12 Days38 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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