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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Adams is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in East Adams, CO

How much do homes in East Adams, CO cost?

Median Sold Price

$440,000

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$33,725(-7.1%)

Key Takeaway

Homes in East Adams have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in East Adams was $440,000 in August 2024, down 7.1% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $378K$275K
-27.2%
3 $465.5K$429.3K
-7.8%
4 $455K$544.9K
+19.8%
5+ $685K$770K
+12.4%

Summary: East Adams housing prices by bedroom type for August 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 decreased by 7.8%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

Strasburg
+15.8%
East Arapahoe
+1.7%
East Adams
-7.1%
Bennett
-10.0%

Housing Supply in East Adams, CO

How many homes are available in East Adams, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
123118-4.1%

Summary: The East Adams real estate market had 118 homes for sale in August 2024, a 4.1% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 01
+100.0%
2 64
-33.3%
3 6660
-9.1%
4 3941
+5.1%
5+ 1212
0.0%

Summary: The East Adams housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2628+7.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Adams, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in East Adams in August 2024, up by 7.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for East Adams, CO

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

Average Sale Time

Aug 2023Aug 2024CHANGE
17 Days31 Days+85.1%

Summary: Homes in East Adams had an average of 31 days on market in Aug 2024, up by 85.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 28 homes were sold in East Adams; 50% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 4% 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 19 Days Ago

Newest Listings in East Adams, CO

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