$7,838 Closing Credit*
$660,000
2,811 SqFt
4 Beds
•2 Full Baths, 1 Partial
Brandon Miller, Listing Office: Coldwell Banker Realty 18
Is Traditions, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Traditions was a Neutral Market.
Key Takeaway
Traditions is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Traditions, CO
How much do homes in Traditions, CO cost?
Median Sold Price
$582,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$2,500(-0.4%)
Key Takeaway
The sold price of homes in Traditions has remained the same since last year.
Summary: The median home sold price in Traditions was $582,500 in August 2024, down 0.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $480K | $532.4K | +10.9% |
| 3 Bedrooms | $580K | $579.9K | 0% |
| 4 Bedrooms | $587.4K | $567K | -3.5% |
| 5+ Bedrooms | $625K | $640K | +2.4% |
Summary: Traditions housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Adonea | $576.5K | $577.5K | 0.2% |
| Traditions | $585K | $582.5K | -0.4% |
Housing Supply in Traditions, CO
How many homes are available in Traditions, CO?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Traditions real estate market had 27 homes for sale in August 2024, a 22.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Traditions housing inventory by bedroom type for August 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 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Traditions, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Traditions in August 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 40 Days | 40 Days | +1.7% |
Summary: Homes in Traditions had an average of 40 days on market in Aug 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Traditions are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Traditions; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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