Is City Park West, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, City Park West has remained a Buyer'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
$625,000
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in City Park West have sold for 23.8% less than they did a year ago.
Summary: The median home sold price in City Park West was $625,000 in April 2024, down 23.8% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $289K | -20.8% |
| 2 Bedrooms | $573.9K | $570K | -0.7% |
| 3 Bedrooms | $847.5K | $771K | -9.0% |
| 4 Bedrooms | $1.3M | $923K | -31.6% |
| 5+ Bedrooms | $1.2M | $1.9M | +57.8% |
Summary: City Park West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes increased by 57.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Schinner's | $676K | $715K | +5.8% |
| Whittier | $735K | $718.7K | -2.2% |
| City Park West | $820.5K | $625K | -23.8% |
Housing Supply in City Park West, CO
How many homes are available in City Park West, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Summary: The City Park West real estate market had 25 homes for sale in April 2024, a 47.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The City Park West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in City Park West, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in City Park West in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 162 Days | +8000.0% |
Summary: Homes in City Park West had an average of 162 days on market in Apr 2024, up by 8000% 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
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 April 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.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 