Is Phillips County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Phillips County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $157.5K | $159K | +1.0% |
3 Bedrooms | $173.2K | $220K | +27.0% |
4 Bedrooms | $252.5K | $257.5K | +2.0% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 6 | 6 | 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 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 72 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
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.