Is Brighton, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brighton has remained a Seller's Market.
Key Takeaway
Brighton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton, CO
How much do homes in Brighton, CO cost?
Median Sold Price
$525,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brighton have sold for 2% more than they did a year ago.
Summary: The median home sold price in Brighton was $525,000 in April 2024, up 2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $375K | 0.0% |
| 3 Bedrooms | $480K | $490K | +2.1% |
| 4 Bedrooms | $582.8K | $560K | -3.9% |
| 5+ Bedrooms | $682.5K | $706.5K | +3.5% |
Summary: Brighton 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 did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Lochbuie | $475K | $485.9K | +2.3% |
| Brighton | $514.5K | $525K | +2.0% |
| Fort Lupton | $438K | $440.2K | 0.5% |
| Keenesburg-Hudson | $477.5K | $467.5K | -2.1% |
| Commerce City | $535K | $520K | -2.8% |
Housing Supply in Brighton, CO
How many homes are available in Brighton, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 325 | +43.8% |
Summary: The Brighton real estate market had 325 homes for sale in April 2024, a 43.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 88 | 123 | +39.8% |
| 4 Bedrooms | 99 | 126 | +27.3% |
| 5+ Bedrooms | 31 | 61 | +96.8% |
Summary: The Brighton 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 87.5%, 3 bedroom homes increased by 39.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 96.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 76 | +192.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 76 homes were sold or pending in Brighton in April 2024, up by 192.3% month-over-month. Of the 76 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% were sold over asking.
Days on Market for Brighton, CO
How long does it take to sell a home in Brighton, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 46 Days | +90.3% |
Summary: Homes in Brighton had an average of 46 days on market in Apr 2024, up by 90.3% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 76 homes were sold in Brighton; 62% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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