Is Capitol Hill, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capitol Hill is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Capitol Hill, CO

How much do homes in Capitol Hill, CO cost?

Median Sold Price

$398,500

$430/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,500(+6.3%)

Key Takeaway

Homes in Capitol Hill have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Capitol Hill was $398,500 in April 2024, up 6.3% from last year, and the median price per square foot was $430.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $313.5K$295K
-5.9%
2 $417.5K$496K
+18.8%
3 $700K$707.5K
+1.1%
4 $1.2M$821K
-31.6%
5+ $1.3M$1.0M
-25.0%

Summary: Capitol Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Neighborhoods

Capitol Hill
+6.3%
Governor's Park
-6.3%
North Capitol Hill / Uptown
-11.2%

Housing Supply in Capitol Hill, CO

How many homes are available in Capitol Hill, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5574+34.5%

Summary: The Capitol Hill real estate market had 74 homes for sale in April 2024, a 34.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1935
+84.2%
2 2629
+11.5%
3 55
0.0%
4 20
-100.0%
5+ 35
+66.7%

Summary: The Capitol Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 84.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capitol Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Capitol Hill in April 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Capitol Hill, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days57 Days+294.8%

Summary: Homes in Capitol Hill had an average of 57 days on market in Apr 2024, up by 294.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 14 homes were sold in Capitol Hill; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 8 Days Ago

Newest Listings in Capitol Hill, CO

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