Is Candelas, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Candelas is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Candelas, CO

How much do homes in Candelas, CO cost?

Median Sold Price

$825,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$59,950(-6.8%)

Key Takeaway

Homes in Candelas have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in Candelas was $825,000 in March 2024, down 6.8% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $525K$725.5K
+38.2%
3 $799K$760.5K
-4.8%
4 $890K$825K
-7.3%
5+ $1.1M$1.0M
-8.7%

Summary: Candelas 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 38.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Neighborhoods

Canyonview at Candelas
+10.0%
Candelas
-6.8%
ValleyView at Candelas
-15.1%
MountainView at Candelas
-17.2%

Housing Supply in Candelas, CO

How many homes are available in Candelas, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4648+4.3%

Summary: The Candelas real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1613
-18.8%
4 1319
+46.2%
5+ 1413
-7.1%

Summary: The Candelas 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Candelas, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Candelas in March 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.

Days on Market for Candelas, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days17 Days-52.0%

Summary: Homes in Candelas had an average of 17 days on market in Mar 2024, down by 52% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Candelas; 76% of homes were sold within 30 days, 24% 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 21 Days Ago

Newest Listings in Candelas, CO

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