Is Washington County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Washington County was a Seller's Market.

Key Takeaway

Washington County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Washington County, CO

How much do homes in Washington County, CO cost?

Median Sold Price

$173,050

$119/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$82,900(-32.4%)

Key Takeaway

Homes in Washington County have sold for 32.4% less than they did a month ago.

Summary: The median home sold price in Washington County was $173,050 in May 2024, down 32.4% from last month, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$166.1K
N/A
3 $197.5K$385K
+94.9%
4 $272K-
N/A
5+ $275K-
N/A

Summary: Washington County 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 94.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Yuma County
+40.2%
Washington County
-32.4%

Housing Supply in Washington County, CO

How many homes are available in Washington County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2825-10.7%

Summary: The Washington County real estate market had 25 homes for sale in May 2024, a 10.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 85
-37.5%
4 75
-28.6%
5+ 44
0.0%

Summary: The Washington County 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 22.2%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Washington County in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Washington County, CO

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

Average Sale Time

Apr 2024May 2024CHANGE
75 Days55 Days-26.3%

Summary: Homes in Washington County had an average of 55 days on market in May 2024, down by 26.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Washington County; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 Washington County, CO

Nearby Markets to Washington County, CO

What housing markets are near Washington County, CO?