Is Black Forest-Peyton, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest-Peyton is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Black Forest-Peyton was a Seller's Market.

Key Takeaway

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

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

-$6,322(-0.9%)

Key Takeaway

Homes in Black Forest-Peyton have sold for 0.9% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$55K
N/A
2 $436.5K$437.5K
0.2%
3 $510.8K$505K
-1.2%
4 $673.3K$664K
-1.4%
5+ $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
+7.6%
Elsmere
+2.3%
Peyton
+1.7%
Black Forest-Peyton
-0.9%
Colorado Springs
-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 2024Mar 2024CHANGE
409584+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1421
+50.0%
3 96126
+31.3%
4 130194
+49.2%
5+ 168242
+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 2024Mar 2024CHANGE
5066+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Forest-Peyton, you may be able to get a good deal. 69.7% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
63 Days61 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Forest-Peyton are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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