$10,000 Closing Credit*
$850,000
2,541 SqFt
4 Beds
•2 Full Baths, 1 Partial
Team Lassen, Listing Office: MB TEAM LASSEN
Is Terrain, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Terrain was a Buyer's Market.
Key Takeaway
Terrain 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 Terrain, CO
How much do homes in Terrain, CO cost?
Median Sold Price
$690,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$40,000(-5.5%)
Key Takeaway
Homes in Terrain have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Terrain was $690,000 in November 2024, down 5.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $651K | $557.5K | -14.4% |
| 3 Bedrooms | $640K | $653.5K | +2.1% |
| 4 Bedrooms | $727K | $716K | -1.5% |
| 5+ Bedrooms | $775K | $787K | +1.5% |
Summary: Terrain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobblestone Ranch | $660K | $725K | +9.8% |
| Founders Village | $530K | $545K | +2.8% |
| Terrain | $730K | $690K | -5.5% |
Housing Supply in Terrain, CO
How many homes are available in Terrain, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Terrain real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Terrain 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Terrain, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Terrain in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Terrain, CO
How long does it take to sell a home in Terrain, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 57 Days | +79.4% |
Summary: Homes in Terrain had an average of 57 days on market in Nov 2024, up by 79.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Terrain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Terrain; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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