$7,600 Closing Credit*
$640,000
3,631 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jeffrey Clint Jr., Listing Office: inMotion Group Properties
Is Traditions, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Traditions has remained a Seller's Market.
Key Takeaway
Traditions is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Traditions, CO
How much do homes in Traditions, CO cost?
Median Sold Price
$607,500
$233/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$106,500(+21.3%)
Key Takeaway
Homes in Traditions have sold for 21.3% more than they did a month ago.
Summary: The median home sold price in Traditions was $607,500 in November 2024, up 21.3% from last month, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $496.2K | $509.9K | +2.8% |
| 4 Bedrooms | - | $652.5K | N/A |
| 5+ Bedrooms | $650K | $575K | -11.5% |
Summary: Traditions housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Traditions | $501K | $607.5K | +21.3% |
| Adonea | $597.5K | $460K | -23.0% |
Housing Supply in Traditions, CO
How many homes are available in Traditions, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Traditions real estate market had 20 homes for sale in November 2024, a 17.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Traditions 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Traditions, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Traditions in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Traditions, CO
How long does it take to sell a home in Traditions, CO?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -42.0% |
Summary: Homes in Traditions had an average of 14 days on market in Nov 2024, down by 42% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Traditions are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Traditions; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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