Is Timnath, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Timnath was a Seller's Market.

Key Takeaway

Timnath is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Timnath, CO

How much do homes in Timnath, CO cost?

Median Sold Price

$622,789

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,543(-3.8%)

Key Takeaway

Homes in Timnath have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Timnath was $622,789 in October 2024, down 3.8% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $432.5K$376.5K
-13.0%
3 $532.5K$545K
+2.3%
4 $760K$722.6K
-4.9%
5+ $830K$830K
0.0%

Summary: Timnath 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 13%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Windsor
+7.8%
Fort Collins
0.5%
Timnath-Wellington
-0.7%
Timnath
-3.8%

Housing Supply in Timnath, CO

How many homes are available in Timnath, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
100124+24.0%

Summary: The Timnath real estate market had 124 homes for sale in October 2024, a 24.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 4049
+22.5%
4 2635
+34.6%
5+ 2732
+18.5%

Summary: The Timnath 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 22.5%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 18.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16160.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Timnath in October 2024, the same as the previous month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for Timnath, CO

How long does it take to sell a home in Timnath, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
107 Days86 Days-19.1%

Summary: Homes in Timnath had an average of 86 days on market in Oct 2024, down by 19.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Timnath has remained consistent over time.

Summary: During October 2024, 16 homes were sold in Timnath; 19% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Timnath, CO

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