Is City Park West, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing City Park West is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, City Park West was a Seller's Market.

Key Takeaway

City Park West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in City Park West, CO

How much do homes in City Park West, CO cost?

Median Sold Price

$657,500

$487/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$25,000(+4.0%)

Key Takeaway

Homes in City Park West have sold for 4% more than they did a year ago.

Summary: The median home sold price in City Park West was $657,500 in January 2024, up 4% from last year, and the median price per square foot was $487.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $370.5K$355K
-4.2%
2 $573.9K$630.7K
+9.9%
3 $820.5K$773K
-5.8%
4 $1.1M$947K
-16.4%
5+ $1.2M$1.3M
+8.5%

Summary: City Park West housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 9.9%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Neighborhoods

Schinner's
+10.6%
City Park West
+4.0%
Whittier
-4.7%

Housing Supply in City Park West, CO

How many homes are available in City Park West, CO?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
22220.0%

Summary: The City Park West real estate market had 22 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 45
+25.0%
2 56
+20.0%
3 99
0.0%
4 32
-33.3%
5+ 10
-100.0%

Summary: The City Park West housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in City Park West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in City Park West in January 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for City Park West, CO

How long does it take to sell a home in City Park West, CO?

Average Sale Time

Jan 2023Jan 2024CHANGE
52 Days147 Days+180.2%

Summary: Homes in City Park West had an average of 147 days on market in Jan 2024, up by 180.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in City Park West are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 2 homes were sold in City Park West; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 26 Days Ago

Newest Listings in City Park West, CO

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