Is Timnath-Wellington, 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-Wellington has remained a Seller's Market.
Housing Prices in Timnath-Wellington, CO
How much do homes in Timnath-Wellington, CO cost?
Median Sold Price
$599,968
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Timnath-Wellington was $599,968 in May 2024, up 4.6% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $423K | - | N/A |
2 Bedrooms | $390.8K | $364.9K | -6.6% |
3 Bedrooms | $508.4K | $500K | -1.7% |
4 Bedrooms | $675K | $718.5K | +6.5% |
5+ Bedrooms | $780K | $820K | +5.1% |
Summary: Timnath-Wellington 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 6.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Timnath-Wellington | $573.7K | $599.9K | +4.6% |
Fort Collins | $550K | $565K | +2.7% |
Wellington | $484K | $477.5K | -1.4% |
Timnath | $687.5K | $661.5K | -3.8% |
Carr | $525K | $500.7K | -4.6% |
Housing Supply in Timnath-Wellington, CO
How many homes are available in Timnath-Wellington, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
285 | 347 | +21.8% |
Summary: The Timnath-Wellington real estate market had 347 homes for sale in May 2024, a 21.8% 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 | 27 | 37 | +37.0% |
3 Bedrooms | 112 | 132 | +17.9% |
4 Bedrooms | 97 | 111 | +14.4% |
5+ Bedrooms | 49 | 66 | +34.7% |
Summary: The Timnath-Wellington 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 37%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 34.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 69 | +7.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Timnath-Wellington in May 2024, up by 7.8% month-over-month. Of the 69 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for Timnath-Wellington, CO
How long does it take to sell a home in Timnath-Wellington, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 60 Days | -25.5% |
Summary: Homes in Timnath-Wellington had an average of 60 days on market in May 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 69 homes were sold in Timnath-Wellington; 35% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.