Is Black Forest-Peyton, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Black Forest-Peyton was a Seller's Market.
Housing Prices in Black Forest-Peyton, CO
How much do homes in Black Forest-Peyton, CO cost?
Median Sold Price
$703,333
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Black Forest-Peyton was $703,333 in April 2024, down 6.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $455K | N/A |
3 Bedrooms | $526K | $519K | -1.3% |
4 Bedrooms | $676K | $702.5K | +3.9% |
5+ Bedrooms | $800K | $802.5K | 0.3% |
Summary: Black Forest-Peyton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Elsmere | $470K | $474.4K | +0.9% |
Colorado Springs | $475.8K | $475K | -0.2% |
Black Forest-Peyton | $750K | $703.3K | -6.2% |
Housing Supply in Black Forest-Peyton, CO
How many homes are available in Black Forest-Peyton, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
380 | 656 | +72.6% |
Summary: The Black Forest-Peyton real estate market had 656 homes for sale in April 2024, a 72.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 17 | +70.0% |
3 Bedrooms | 77 | 144 | +87.0% |
4 Bedrooms | 129 | 226 | +75.2% |
5+ Bedrooms | 164 | 268 | +63.4% |
Summary: The Black Forest-Peyton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 87%, 4 bedroom homes increased by 75.2%, and 5+ bedroom homes increased by 63.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 49 | +206.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Black Forest-Peyton in April 2024, up by 206.3% month-over-month. Of the 49 sold homes, 35% were sold under asking, 39% were sold at asking, and 27% were sold over asking.
Days on Market for Black Forest-Peyton, CO
How long does it take to sell a home in Black Forest-Peyton, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 36 Days | +19.6% |
Summary: Homes in Black Forest-Peyton had an average of 36 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Black Forest-Peyton; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.