Is Erie-Frederick, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie-Frederick is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Erie-Frederick has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Erie-Frederick, CO

How much do homes in Erie-Frederick, CO cost?

Median Sold Price

$599,600

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$400(-0.1%)

Key Takeaway

The sold price of homes in Erie-Frederick has remained the same since last year.

Summary: The median home sold price in Erie-Frederick was $599,600 in May 2024, down 0.1% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $290K-
N/A
2 $390K$360K
-7.7%
3 $515K$524.7K
+1.9%
4 $662.9K$632.5K
-4.6%
5+ $752.5K$818K
+8.7%

Summary: Erie-Frederick 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 7.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

Firestone
+5.1%
Dacono
+5.0%
Erie
+0.7%
Erie-Frederick
-0.1%
Frederick
-3.5%

Housing Supply in Erie-Frederick, CO

How many homes are available in Erie-Frederick, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
391479+22.5%

Summary: The Erie-Frederick real estate market had 479 homes for sale in May 2024, a 22.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2340
+73.9%
3 160176
+10.0%
4 119143
+20.2%
5+ 89119
+33.7%

Summary: The Erie-Frederick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 73.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 33.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8899+12.5%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie-Frederick, expect to pay close to the asking price. 38.4% of homes here sold near the asking price last month.

Summary: A total of 99 homes were sold or pending in Erie-Frederick in May 2024, up by 12.5% month-over-month. Of the 99 sold homes, 36% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Erie-Frederick, CO

How long does it take to sell a home in Erie-Frederick, CO?

Average Sale Time

May 2023May 2024CHANGE
36 Days44 Days+24.1%

Summary: Homes in Erie-Frederick had an average of 44 days on market in May 2024, up by 24.1% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 99 homes were sold in Erie-Frederick; 47% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 13% 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

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