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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Congress Park is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Congress Park, CO

How much do homes in Congress Park, CO cost?

Median Sold Price

$919,950

$456/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$17,550(-1.9%)

Key Takeaway

Homes in Congress Park have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Congress Park was $919,950 in May 2024, down 1.9% from last year, and the median price per square foot was $456.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $255K$287.5K
+12.7%
2 $550K$590K
+7.3%
3 $907.5K$877.5K
-3.3%
4 $1.2M$1.0M
-15.6%
5+ $1.4M$1.3M
-1.5%

Summary: Congress Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 1.5%.

Housing Supply in Congress Park, CO

How many homes are available in Congress Park, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4065+62.5%

Summary: The Congress Park real estate market had 65 homes for sale in May 2024, a 62.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 55
0.0%
2 816
+100.0%
3 1321
+61.5%
4 915
+66.7%
5+ 58
+60.0%

Summary: The Congress Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Apr 2024May 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Congress Park, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Congress Park in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.

Days on Market for Congress Park, CO

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

Average Sale Time

May 2023May 2024CHANGE
6 Days23 Days+234.5%

Summary: Homes in Congress Park had an average of 23 days on market in May 2024, up by 234.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Congress Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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

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