Is Phillips County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phillips County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Phillips County, CO

How much do homes in Phillips County, CO cost?

Median Sold Price

$224,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,950(+16.0%)

Key Takeaway

Homes in Phillips County have sold for 16% more than they did a year ago.

Summary: The median home sold price in Phillips County was $224,000 in May 2024, up 16% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$135K
N/A
2 $157.5K$159K
+1.0%
3 $173.2K$220K
+27.0%
4 $252.5K$257.5K
+2.0%
5+ $312.5K$360K
+15.2%

Summary: Phillips County 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 increased by 1%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 15.2%.

Housing Supply in Phillips County, CO

How many homes are available in Phillips County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1620+25.0%

Summary: The Phillips County real estate market had 20 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 12
+100.0%
3 57
+40.0%
4 44
0.0%
5+ 66
0.0%

Summary: The Phillips County 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 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phillips County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Phillips County in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Phillips County, CO

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

Average Sale Time

May 2023May 2024CHANGE
20 Days72 Days+259.3%

Summary: Homes in Phillips County had an average of 72 days on market in May 2024, up by 259.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Phillips County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Phillips County, CO

Nearby Markets to Phillips County, CO

What housing markets are near Phillips County, CO?