Is Buena Vista, 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, Buena Vista was a Seller's Market.
Key Takeaway
Buena Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Buena Vista, CO
How much do homes in Buena Vista, CO cost?
Median Sold Price
$695,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Buena Vista have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Buena Vista was $695,000 in March 2024, up 16.4% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $595K | $2.0M | +236.1% |
| 2 Bedrooms | $440K | $452K | +2.7% |
| 3 Bedrooms | $610K | $675K | +10.7% |
| 4 Bedrooms | $855K | $888K | +3.9% |
| 5+ Bedrooms | $720K | $995K | +38.2% |
Summary: Buena Vista housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 38.2%.
Housing Supply in Buena Vista, CO
How many homes are available in Buena Vista, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 106 | +5.0% |
Summary: The Buena Vista real estate market had 106 homes for sale in March 2024, a 5.0% 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 | 22 | 20 | -9.1% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Buena Vista 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 decreased by 9.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Buena Vista, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Buena Vista in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Buena Vista, CO
How long does it take to sell a home in Buena Vista, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 95 Days | +100.6% |
Summary: Homes in Buena Vista had an average of 95 days on market in Mar 2024, up by 100.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Buena Vista are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in Buena Vista; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
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