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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powers is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Powers has remained a Buyer's Market.

Key Takeaway

Powers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Powers, CO

How much do homes in Powers, CO cost?

Median Sold Price

$465,000

$225/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$9,400(-2.0%)

Key Takeaway

Homes in Powers have sold for 2% less than they did a month ago.

Summary: The median home sold price in Powers was $465,000 in May 2024, down 2% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $331.4K-
N/A
3 $413K$450K
+9.0%
4 $548K$540K
-1.5%
5+ $555K$452.5K
-18.5%

Summary: Powers housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 18.5%.

Median Sold Price Compared To Nearby Neighborhoods

Cimarron Hills
+53.8%
Springs Ranch
+15.3%
Rustic Hills
0.0%
Powers
-2.0%

Housing Supply in Powers, CO

How many homes are available in Powers, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
166260+56.6%

Summary: The Powers real estate market had 260 homes for sale in May 2024, a 56.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2034
+70.0%
3 77118
+53.2%
4 4872
+50.0%
5+ 2136
+71.4%

Summary: The Powers 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 70%, 3 bedroom homes increased by 53.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 71.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powers, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Powers in May 2024, down by 5.0% month-over-month. Of the 19 sold homes, 16% were sold under asking, 47% were sold at asking, and 37% were sold over asking.

Days on Market for Powers, CO

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

Average Sale Time

Apr 2024May 2024CHANGE
28 Days25 Days-9.0%

Summary: Homes in Powers had an average of 25 days on market in May 2024, down by 9% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 19 homes were sold in Powers; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 Powers, CO

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