$9,499 Closing Credit*
$799,900
2,671 SqFt
3 Beds
•1 Full Bath, 2 Partial
Mariya Oleynikova, Listing Office: HomeSmart Realty
Is Terrain, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Terrain was a Buyer's Market.
Key Takeaway
Terrain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Terrain, CO
How much do homes in Terrain, CO cost?
Median Sold Price
$685,990
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,010(-6.0%)
Key Takeaway
Homes in Terrain have sold for 6% less than they did a year ago.
Summary: The median home sold price in Terrain was $685,990 in October 2024, down 6% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $651K | $557.5K | -14.4% |
| 3 Bedrooms | $640K | $653.5K | +2.1% |
| 4 Bedrooms | $729K | $712.5K | -2.3% |
| 5+ Bedrooms | $775K | $775K | 0.0% |
Summary: Terrain 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 decreased by 14.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Founders Village | $530K | $545K | +2.8% |
| Cobblestone Ranch | $715K | $720K | +0.7% |
| Terrain | $730K | $685.9K | -6.0% |
| Escavera | $1.3M | $1.1M | -12.9% |
Housing Supply in Terrain, CO
How many homes are available in Terrain, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 42 | +31.3% |
Summary: The Terrain real estate market had 42 homes for sale in October 2024, a 31.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Terrain 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 increased by 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Terrain in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 52 Days | -19.7% |
Summary: Homes in Terrain had an average of 52 days on market in Oct 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 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 October 2024, 9 homes were sold in Terrain; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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