Is Erie, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Erie has remained a Seller's Market.
Housing Prices in Erie, CO
How much do homes in Erie, CO cost?
Median Sold Price
$735,000
$282/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Erie was $735,000 in April 2024, the same as last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $408.7K | $370K | -9.5% |
3 Bedrooms | $650K | $647K | -0.5% |
4 Bedrooms | $774.5K | $750K | -3.2% |
5+ Bedrooms | $935K | $941.5K | +0.7% |
Summary: Erie 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 decreased by 9.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Dacono | $448.7K | $473K | +5.4% |
Lafayette | $735.8K | $742.7K | +0.9% |
Erie | $735K | $735K | 0.0% |
Erie-Frederick | $600K | $597.5K | -0.4% |
Frederick | $565K | $540K | -4.4% |
Housing Supply in Erie, CO
How many homes are available in Erie, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
162 | 218 | +34.6% |
Summary: The Erie real estate market had 218 homes for sale in April 2024, a 34.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 56 | 75 | +33.9% |
4 Bedrooms | 54 | 68 | +25.9% |
5+ Bedrooms | 36 | 55 | +52.8% |
Summary: The Erie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 33.9%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 52.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 42 | +2.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Erie in April 2024, up by 2.4% month-over-month. Of the 42 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for Erie, CO
How long does it take to sell a home in Erie, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 40 Days | -28.0% |
Summary: Homes in Erie had an average of 40 days on market in Apr 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Erie; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.