Is Transit Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Transit Village is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Transit Village was a Buyer's Market.

Key Takeaway

Transit Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Transit Village, CO

How much do homes in Transit Village, CO cost?

Median Sold Price

$820,000

$588/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$305,000(+59.2%)

Key Takeaway

Homes in Transit Village have sold for 59.2% more than they did a month ago.

Summary: The median home sold price in Transit Village was $820,000 in October 2024, up 59.2% from last month, and the median price per square foot was $588.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $515K$405K
-21.4%
2 -$817.5K
N/A
3 --
N/A
4 -$1.1M
N/A
5+ --
N/A

Summary: Transit Village housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Transit Village, CO

How many homes are available in Transit Village, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
28280.0%

Summary: The Transit Village real estate market had 28 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1412
-14.3%
2 1012
+20.0%
3 22
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Transit Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Transit Village, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Transit Village in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Transit Village, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
94 Days72 Days-23.3%

Summary: Homes in Transit Village had an average of 72 days on market in Oct 2024, down by 23.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Transit Village has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Transit Village; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 23 Days Ago

Newest Listings in Transit Village, CO

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