Is Black Forest-Peyton, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Black Forest-Peyton was a Seller's Market.
Housing Prices in Black Forest-Peyton, CO
How much do homes in Black Forest-Peyton, CO cost?
Median Sold Price
$669,644
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Black Forest-Peyton was $669,644 in March 2024, down 0.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $436.5K | $437.5K | 0.2% |
3 Bedrooms | $510.8K | $505K | -1.2% |
4 Bedrooms | $673.3K | $664K | -1.4% |
5+ Bedrooms | $785K | $791.8K | +0.9% |
Summary: Black Forest-Peyton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Calhan | $494.5K | $532K | +7.6% |
Elsmere | $464.2K | $474.9K | +2.3% |
Peyton | $544K | $553.5K | +1.7% |
Black Forest-Peyton | $675.9K | $669.6K | -0.9% |
Colorado Springs | $474.5K | $464.8K | -2.1% |
Housing Supply in Black Forest-Peyton, CO
How many homes are available in Black Forest-Peyton, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
409 | 584 | +42.8% |
Summary: The Black Forest-Peyton real estate market had 584 homes for sale in March 2024, a 42.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 96 | 126 | +31.3% |
4 Bedrooms | 130 | 194 | +49.2% |
5+ Bedrooms | 168 | 242 | +44.0% |
Summary: The Black Forest-Peyton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes increased by 44%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 66 | +32.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Black Forest-Peyton in March 2024, up by 32.0% month-over-month. Of the 66 sold homes, 70% were sold under asking, 21% were sold at asking, and 9% were sold over asking.
Days on Market for Black Forest-Peyton, CO
How long does it take to sell a home in Black Forest-Peyton, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 61 Days | -2.5% |
Summary: Homes in Black Forest-Peyton had an average of 61 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Black Forest-Peyton; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.