Is University Park / Observatory Park, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University Park / Observatory Park is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, University Park / Observatory Park has remained a Seller's Market.

Key Takeaway

University Park / Observatory Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in University Park / Observatory Park, CO

How much do homes in University Park / Observatory Park, CO cost?

Median Sold Price

$2,072,500

$473/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$1,199,500(+137.4%)

Key Takeaway

Homes in University Park / Observatory Park have sold for 137.4% more than they did a month ago.

Summary: The median home sold price in University Park / Observatory Park was $2,072,500 in December 2024, up 137.4% from last month, and the median price per square foot was $473.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $510K$544K
+6.7%
3 $826.5K$886K
+7.2%
4 $873K$2.5M
+186.4%
5+ $2.1M$2.4M
+15.6%

Summary: University Park / Observatory Park housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 186.4%, and 5+ bedroom homes increased by 15.6%.

Housing Supply in University Park / Observatory Park, CO

How many homes are available in University Park / Observatory Park, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4531-31.1%

Summary: The University Park / Observatory Park real estate market had 31 homes for sale in December 2024, a 31.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 83
-62.5%
4 138
-38.5%
5+ 1614
-12.5%

Summary: The University Park / Observatory Park 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 25%, 3 bedroom homes decreased by 62.5%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

10 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 University Park / Observatory Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in University Park / Observatory Park in December 2024, down by 41.2% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for University Park / Observatory Park, CO

How long does it take to sell a home in University Park / Observatory Park, CO?

Average Sale Time

Nov 2024Dec 2024CHANGE
72 Days130 Days+80.7%

Summary: Homes in University Park / Observatory Park had an average of 130 days on market in Dec 2024, up by 80.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 10 homes were sold in University Park / Observatory Park; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 50% 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 7 Days Ago

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