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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Divide is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Divide has remained a Buyer's Market.

Key Takeaway

Divide is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Divide, CO

How much do homes in Divide, CO cost?

Median Sold Price

$628,000

$300/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$51,000(+8.8%)

Key Takeaway

Homes in Divide have sold for 8.8% more than they did a month ago.

Summary: The median home sold price in Divide was $628,000 in May 2024, up 8.8% from last month, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $261K-
N/A
2 $419.5K$377.2K
-10.1%
3 $614.9K$589K
-4.2%
4 $680K$650K
-4.4%
5+ -$2.3M
N/A

Summary: Divide housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes did not change.

Housing Supply in Divide, CO

How many homes are available in Divide, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
214350+63.6%

Summary: The Divide real estate market had 350 homes for sale in May 2024, a 63.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 912
+33.3%
2 3157
+83.9%
3 96160
+66.7%
4 4777
+63.8%
5+ 3144
+41.9%

Summary: The Divide housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 83.9%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 63.8%, and 5+ bedroom homes increased by 41.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1627+68.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Divide, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Divide in May 2024, up by 68.8% month-over-month. Of the 27 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.

Days on Market for Divide, CO

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

Average Sale Time

Apr 2024May 2024CHANGE
38 Days69 Days+82.0%

Summary: Homes in Divide had an average of 69 days on market in May 2024, up by 82% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 27 homes were sold in Divide; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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 5 Days Ago

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