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 buyer's market

Buyer's
Market

Difference Since May 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

$400,000

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,250(+7.0%)

Key Takeaway

Homes in Capitol Hill have sold for 7% more than they did a year ago.

Summary: The median home sold price in Capitol Hill was $400,000 in May 2024, up 7% from last year, and the median price per square foot was $429.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $298.7K$302.5K
+1.3%
2 $403.7K$486.5K
+20.5%
3 $700K$707.5K
+1.1%
4 $1.2M$821K
-31.6%
5+ $1.0M$1.0M
-4.0%

Summary: Capitol Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Neighborhoods

Governor's Park
+11.8%
Capitol Hill
+7.0%
North Capitol Hill / Uptown
-1.5%

Housing Supply in Capitol Hill, CO

How many homes are available in Capitol Hill, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7499+33.8%

Summary: The Capitol Hill real estate market had 99 homes for sale in May 2024, a 33.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3646
+27.8%
2 2940
+37.9%
3 47
+75.0%
4 02
+100.0%
5+ 54
-20.0%

Summary: The Capitol Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 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. 35.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Capitol Hill in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% 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

May 2023May 2024CHANGE
15 Days36 Days+139.8%

Summary: Homes in Capitol Hill had an average of 36 days on market in May 2024, up by 139.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 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 May 2024, 14 homes were sold in Capitol Hill; 57% of homes were sold within 30 days, 29% 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 23 Days Ago

Newest Listings in Capitol Hill, CO

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