Is Salida, 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, Salida has remained a Seller's Market.
Housing Prices in Salida, CO
How much do homes in Salida, CO cost?
Median Sold Price
$715,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salida was $715,000 in May 2024, up 11.9% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $570.2K | $650K | +14.0% |
3 Bedrooms | $649.5K | $710K | +9.3% |
4 Bedrooms | $834.5K | $975K | +16.8% |
5+ Bedrooms | $1.0M | - | N/A |
Summary: Salida 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 14%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes did not change.
Housing Supply in Salida, CO
How many homes are available in Salida, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 122 | +37.1% |
Summary: The Salida real estate market had 122 homes for sale in May 2024, a 37.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 48 | 62 | +29.2% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Salida housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Salida in May 2024, up by 53.3% month-over-month. Of the 23 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% were sold over asking.
Days on Market for Salida, CO
How long does it take to sell a home in Salida, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 43 Days | -34.0% |
Summary: Homes in Salida had an average of 43 days on market in May 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Salida; 57% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.