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

$270,000

$111/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$145,000(-34.9%)

Key Takeaway

Homes in Trinidad have sold for 34.9% less than they did a month ago.

Summary: The median home sold price in Trinidad was $270,000 in October 2024, down 34.9% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$90K
N/A
2 --
N/A
3 $350K$255.5K
-27.0%
4 $265K$270K
+1.9%
5+ $762.5K$375K
-50.8%

Summary: Trinidad 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 27%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 50.8%.

Housing Supply in Trinidad, CO

How many homes are available in Trinidad, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5148-5.9%

Summary: The Trinidad real estate market had 48 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1010
0.0%
3 2422
-8.3%
4 87
-12.5%
5+ 65
-16.7%

Summary: The Trinidad housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Trinidad in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
58 Days86 Days+47.7%

Summary: Homes in Trinidad had an average of 86 days on market in Oct 2024, up by 47.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Trinidad are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Trinidad; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% 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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Last updated on: 11/21/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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