Is Timnath, 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, Timnath has remained a Seller's Market.
Housing Prices in Timnath, CO
How much do homes in Timnath, CO cost?
Median Sold Price
$661,500
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Timnath was $661,500 in May 2024, down 3.8% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $447K | $381.5K | -14.7% |
3 Bedrooms | $596K | $554.4K | -7.0% |
4 Bedrooms | $745.5K | $740K | -0.7% |
5+ Bedrooms | $840K | $780K | -7.1% |
Summary: Timnath 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 14.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
Windsor | $571.5K | $604.5K | +5.8% |
Timnath-Wellington | $573.7K | $599.9K | +4.6% |
Fort Collins | $550K | $565K | +2.7% |
Timnath | $687.5K | $661.5K | -3.8% |
Housing Supply in Timnath, CO
How many homes are available in Timnath, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 128 | +8.5% |
Summary: The Timnath real estate market had 128 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 35 | 36 | +2.9% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Timnath 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 60%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 29 | -12.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Timnath in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Timnath, CO
How long does it take to sell a home in Timnath, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 50 Days | -45.9% |
Summary: Homes in Timnath had an average of 50 days on market in May 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Timnath; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.