Is Capitol Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Capitol Hill was a Seller's Market.
Key Takeaway
Capitol Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Capitol Hill, CO
How much do homes in Capitol Hill, CO cost?
Median Sold Price
$377,500
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Capitol Hill have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Capitol Hill was $377,500 in June 2024, up 0.7% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $302.5K | +1.7% |
| 2 Bedrooms | $416.2K | $480K | +15.3% |
| 3 Bedrooms | $705K | $710K | +0.7% |
| 4 Bedrooms | $1.2M | $821K | -31.6% |
| 5+ Bedrooms | $1.2M | $987.5K | -21.6% |
Summary: Capitol Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Governor's Park | $355K | $367.5K | +3.5% |
| Capitol Hill | $375K | $377.5K | +0.7% |
| North Capitol Hill / Uptown | $492.5K | $464.5K | -5.7% |
Housing Supply in Capitol Hill, CO
How many homes are available in Capitol Hill, CO?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 95 | 117 | +23.2% |
Summary: The Capitol Hill real estate market had 117 homes for sale in June 2024, a 23.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 49 | +11.4% |
| 2 Bedrooms | 39 | 51 | +30.8% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Capitol Hill housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Hill, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Capitol Hill in June 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 9 Days | 33 Days | +250.0% |
Summary: Homes in Capitol Hill had an average of 33 days on market in Jun 2024, up by 250% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol Hill are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 12 homes were sold in Capitol Hill; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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