$7,232 Closing Credit*
$609,000
1,815 SqFt
3 Beds
•2 Full Baths, 1 Partial
Staci Burns, Listing Office: KENTWOOD REAL ESTATE DTC, LLC
Is University Hills, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, University Hills has remained a Seller's Market.
Key Takeaway
University Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University Hills, CO
How much do homes in University Hills, CO cost?
Median Sold Price
$598,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$34,750(-5.5%)
Key Takeaway
Homes in University Hills have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in University Hills was $598,000 in December 2024, down 5.5% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | - | N/A |
| 2 Bedrooms | $491.2K | $445K | -9.4% |
| 3 Bedrooms | $579.3K | $584.2K | +0.8% |
| 4 Bedrooms | $749.9K | $780K | +4.0% |
| 5+ Bedrooms | $1.3M | $1.5M | +10.9% |
Summary: University Hills housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in University Hills, CO
How many homes are available in University Hills, CO?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The University Hills real estate market had 47 homes for sale in December 2024, a 2.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The University Hills housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University Hills, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in University Hills in December 2024, up by 112.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for University Hills, CO
How long does it take to sell a home in University Hills, CO?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 80 Days | +63.2% |
Summary: Homes in University Hills had an average of 80 days on market in Dec 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in University Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 17 homes were sold in University Hills; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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