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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trinidad is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Trinidad has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Trinidad, CO

How much do homes in Trinidad, CO cost?

Median Sold Price

$159,000

$117/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$136,500(-46.2%)

Key Takeaway

Homes in Trinidad have sold for 46.2% less than they did a month ago.

Summary: The median home sold price in Trinidad was $159,000 in November 2024, down 46.2% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $90K$140K
+55.6%
2 $409K$178K
-56.5%
3 $255.5K-
N/A
4 $270K-
N/A
5+ $375K-
N/A

Summary: Trinidad housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 55.6%, 2 bedroom homes decreased by 56.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Trinidad, CO

How many homes are available in Trinidad, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
47470.0%

Summary: The Trinidad real estate market had 47 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1011
+10.0%
3 2324
+4.3%
4 76
-14.3%
5+ 33
0.0%

Summary: The Trinidad housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trinidad, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Trinidad in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Trinidad, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
91 Days6 Days-93.4%

Summary: Homes in Trinidad had an average of 6 days on market in Nov 2024, down by 93.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Trinidad are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Trinidad; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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

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