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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bailey is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Bailey, CO

How much do homes in Bailey, CO cost?

Median Sold Price

$555,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$20,000(-3.5%)

Key Takeaway

Homes in Bailey have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Bailey was $555,000 in March 2024, down 3.5% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $202.5K$366K
+80.7%
2 $445K$434K
-2.5%
3 $617.5K$578.7K
-6.3%
4 $680K$630K
-7.4%
5+ $915K$725K
-20.8%

Summary: Bailey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.7%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Cities

Pine
+12.6%
South Jefferson
+5.2%
Evergreen
+4.0%
Bailey
-3.5%

Housing Supply in Bailey, CO

How many homes are available in Bailey, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7987+10.1%

Summary: The Bailey real estate market had 87 homes for sale in March 2024, a 10.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 42
-50.0%
2 1716
-5.9%
3 4349
+14.0%
4 1520
+33.3%
5+ 00
0.0%

Summary: The Bailey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bailey, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Bailey in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 33% were sold at asking, and 43% were sold over asking.

Days on Market for Bailey, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days49 Days-5.0%

Summary: Homes in Bailey had an average of 49 days on market in Mar 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 21 homes were sold in Bailey; 67% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 24% 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 18 Days Ago

Newest Listings in Bailey, CO

Nearby Markets to Bailey, CO

What housing markets are near Bailey, CO?