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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Brighton, CO

How much do homes in Brighton, CO cost?

Median Sold Price

$525,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,200(+3.2%)

Key Takeaway

Homes in Brighton have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Brighton was $525,000 in May 2024, up 3.2% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $375K$375K
0.0%
3 $475K$495K
+4.2%
4 $572.5K$560K
-2.2%
5+ $654.9K$690K
+5.4%

Summary: Brighton 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 did not change, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Brighton
+3.2%
Lochbuie
+3.2%
Fort Lupton
0.0%
Commerce City
0.0%
Keenesburg-Hudson
-1.1%

Housing Supply in Brighton, CO

How many homes are available in Brighton, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
374447+19.5%

Summary: The Brighton real estate market had 447 homes for sale in May 2024, a 19.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1822
+22.2%
3 159186
+17.0%
4 132151
+14.4%
5+ 6588
+35.4%

Summary: The Brighton 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 22.2%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 35.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
80102+27.5%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.

Summary: A total of 102 homes were sold or pending in Brighton in May 2024, up by 27.5% month-over-month. Of the 102 sold homes, 29% were sold under asking, 38% were sold at asking, and 32% were sold over asking.

Days on Market for Brighton, CO

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

Average Sale Time

May 2023May 2024CHANGE
21 Days45 Days+115.3%

Summary: Homes in Brighton had an average of 45 days on market in May 2024, up by 115.3% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 102 homes were sold in Brighton; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

Newest Listings in Brighton, CO

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