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 neutral's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

City Park West is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in City Park West, CO

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

Median Sold Price

$645,000

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,000(+2.4%)

Key Takeaway

Homes in City Park West have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in City Park West was $645,000 in June 2024, up 2.4% from last year, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $300K$344K
+14.7%
2 $571.9K$522.5K
-8.6%
3 $825K$800.5K
-3.0%
4 $1.2M$923K
-24.0%
5+ $1.1M$1.3M
+13.5%

Summary: City Park West housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Neighborhoods

City Park West
+2.4%
Whittier
0.2%
Schinner's
-3.8%
McCullough's
-12.3%

Housing Supply in City Park West, CO

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
2733+22.2%

Summary: The City Park West real estate market had 33 homes for sale in June 2024, a 22.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 43
-25.0%
2 811
+37.5%
3 911
+22.2%
4 44
0.0%
5+ 24
+100.0%

Summary: The City Park West housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in City Park West in June 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

Jun 2023Jun 2024CHANGE
3 Days32 Days+903.1%

Summary: Homes in City Park West had an average of 32 days on market in Jun 2024, up by 903.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 5 homes were sold in City Park West; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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

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