$5,938 Closing Credit*
$500,000
1,579 SqFt
3 Beds
•1 Full Bath, 1 Partial
David Reyes SFR, Listing Office: Exp Realty LLC
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
Last month, Traditions was a Seller's Market.
Key Takeaway
Traditions 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 Traditions, CO
How much do homes in Traditions, CO cost?
Median Sold Price
$501,000
$340/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$46,500(-8.5%)
Key Takeaway
Homes in Traditions have sold for 8.5% less than they did a month ago.
Summary: The median home sold price in Traditions was $501,000 in October 2024, down 8.5% from last month, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $509.9K | $496.2K | -2.7% |
| 4 Bedrooms | $532.5K | - | N/A |
| 5+ Bedrooms | $695K | $650K | -6.5% |
Summary: Traditions housing prices by bedroom type for October 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 decreased by 2.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Traditions, CO
How many homes are available in Traditions, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Summary: The Traditions real estate market had 18 homes for sale in October 2024, a 28.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Traditions 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 decreased by 44.4%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Traditions, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Traditions in October 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 25 Days | -36.4% |
Summary: Homes in Traditions had an average of 25 days on market in Oct 2024, down by 36.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Traditions has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Traditions; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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