Is Allendale Area, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allendale Area is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Allendale Area has remained a Seller's Market.

Key Takeaway

Allendale Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Allendale Area, CO

How much do homes in Allendale Area, CO cost?

Median Sold Price

$600,000

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,825(+1.7%)

Key Takeaway

Homes in Allendale Area have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Allendale Area was $600,000 in March 2024, up 1.7% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $285K$289K
+1.4%
2 $345K$345K
0.0%
3 $590.1K$565K
-4.3%
4 $616.3K$645K
+4.7%
5+ $615.5K$655K
+6.4%

Summary: Allendale Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 6.4%.

Housing Supply in Allendale Area, CO

How many homes are available in Allendale Area, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2842+50.0%

Summary: The Allendale Area real estate market had 42 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 21
-50.0%
3 1023
+130.0%
4 88
0.0%
5+ 78
+14.3%

Summary: The Allendale Area housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 130%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allendale Area, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Allendale Area in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Allendale Area, CO

How long does it take to sell a home in Allendale Area, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
73 Days8 Days-88.1%

Summary: Homes in Allendale Area had an average of 8 days on market in Mar 2024, down by 88.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in Allendale Area; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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