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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Timnath, CO

How much do homes in Timnath, CO cost?

Median Sold Price

$661,500

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$26,000(-3.8%)

Key Takeaway

Homes in Timnath have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Timnath was $661,500 in May 2024, down 3.8% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $447K$381.5K
-14.7%
3 $596K$554.4K
-7.0%
4 $745.5K$740K
-0.7%
5+ $840K$780K
-7.1%

Summary: Timnath housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Windsor
+5.8%
Timnath-Wellington
+4.6%
Fort Collins
+2.7%
Timnath
-3.8%

Housing Supply in Timnath, CO

How many homes are available in Timnath, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118128+8.5%

Summary: The Timnath real estate market had 128 homes for sale in May 2024, a 8.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1016
+60.0%
3 5254
+3.8%
4 3536
+2.9%
5+ 2122
+4.8%

Summary: The Timnath housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3329-12.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Timnath in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for Timnath, CO

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

Average Sale Time

May 2023May 2024CHANGE
92 Days50 Days-45.9%

Summary: Homes in Timnath had an average of 50 days on market in May 2024, down by 45.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 29 homes were sold in Timnath; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% 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 13 Days Ago

Newest Listings in Timnath, CO

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