Is Allendale Area, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Allendale Area has remained a Seller's Market.
Housing Prices in Allendale Area, CO
How much do homes in Allendale Area, CO cost?
Median Sold Price
$577,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Allendale Area was $577,500 in June 2024, down 0.9% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $289K | N/A |
2 Bedrooms | $350K | $340K | -2.9% |
3 Bedrooms | $532.5K | $532.5K | 0.0% |
4 Bedrooms | $617.6K | $580K | -6.1% |
5+ Bedrooms | $643.5K | $657.5K | +2.2% |
Summary: Allendale Area housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Allendale Area, CO
How many homes are available in Allendale Area, CO?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Summary: The Allendale Area real estate market had 39 homes for sale in June 2024, a 11.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Allendale Area housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Allendale Area in June 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 27 Days | +86.2% |
Summary: Homes in Allendale Area had an average of 27 days on market in Jun 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Allendale Area; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.