Is Black Hawk, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Hawk is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Black Hawk, CO

How much do homes in Black Hawk, CO cost?

Median Sold Price

$583,000

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$8,000(+1.4%)

Key Takeaway

Homes in Black Hawk have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Black Hawk was $583,000 in April 2024, up 1.4% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $290K$399K
+37.6%
2 $480K$488.6K
+1.8%
3 $648.5K$624.5K
-3.7%
4 $865K$796K
-8.0%
5+ $606.5K-
N/A

Summary: Black Hawk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.

Housing Supply in Black Hawk, CO

How many homes are available in Black Hawk, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2027+35.0%

Summary: The Black Hawk real estate market had 27 homes for sale in April 2024, a 35.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 58
+60.0%
3 89
+12.5%
4 45
+25.0%
5+ 24
+100.0%

Summary: The Black Hawk 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 60%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Hawk, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Black Hawk in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.

Days on Market for Black Hawk, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
174 Days21 Days-88.0%

Summary: Homes in Black Hawk had an average of 21 days on market in Apr 2024, down by 88% compared to last year.

Breakdown of Home Sale Times

4 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

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

Summary: During April 2024, 6 homes were sold in Black Hawk; 67% of homes were sold within 30 days, 33% 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 13 Days Ago

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