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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Village East is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Village East has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Village East, CO

How much do homes in Village East, CO cost?

Median Sold Price

$529,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$34,500(-6.1%)

Key Takeaway

Homes in Village East have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Village East was $529,500 in October 2024, down 6.1% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $501.5K$365K
-27.2%
3 $495K$502.5K
+1.5%
4 $589K$555K
-5.8%
5+ $598K$560K
-6.4%

Summary: Village East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 6.4%.

Housing Supply in Village East, CO

How many homes are available in Village East, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
41410.0%

Summary: The Village East real estate market had 41 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1616
0.0%
4 1720
+17.6%
5+ 64
-33.3%

Summary: The Village East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Village East, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Village East in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Village East, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days33 Days+439.3%

Summary: Homes in Village East had an average of 33 days on market in Oct 2024, up by 439.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Village East; 44% of homes were sold within 30 days, 56% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/22/2024, 12:57:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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