Is Applewood, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Applewood is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Applewood was a Seller's Market.

Key Takeaway

Applewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Applewood, CO

How much do homes in Applewood, CO cost?

Median Sold Price

$750,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$107,500(-12.5%)

Key Takeaway

Homes in Applewood have sold for 12.5% less than they did a year ago.

Summary: The median home sold price in Applewood was $750,000 in April 2024, down 12.5% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$300K
N/A
2 $354K$257.5K
-27.3%
3 $700K$646K
-7.7%
4 $870K$820K
-5.7%
5+ $1.0M$1.1M
+16.0%

Summary: Applewood 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 27.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 16%.

Housing Supply in Applewood, CO

How many homes are available in Applewood, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2435+45.8%

Summary: The Applewood real estate market had 35 homes for sale in April 2024, a 45.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 913
+44.4%
4 69
+50.0%
5+ 36
+100.0%

Summary: The Applewood 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 16.7%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Applewood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Applewood in April 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Applewood, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days46 Days+994.1%

Summary: Homes in Applewood had an average of 46 days on market in Apr 2024, up by 994.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Applewood has remained consistent over time.

Summary: During April 2024, 2 homes were sold in Applewood; 0% of homes were sold within 30 days, 100% 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 7 Days Ago

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