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 seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Congress Park has remained a Seller's Market.

Key Takeaway

Congress Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Congress Park, CO

How much do homes in Congress Park, CO cost?

Median Sold Price

$919,950

$453/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$50(0%)

Key Takeaway

The sold price of homes in Congress Park has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $260K$287.5K
+10.6%
2 $550K$545K
-0.9%
3 $907.5K$868.7K
-4.3%
4 $1.2M$1.1M
-8.5%
5+ $1.4M$1.2M
-8.1%

Summary: Congress Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 8.1%.

Housing Supply in Congress Park, CO

How many homes are available in Congress Park, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6167+9.8%

Summary: The Congress Park real estate market had 67 homes for sale in June 2024, a 9.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 45
+25.0%
2 1619
+18.8%
3 1918
-5.3%
4 1621
+31.3%
5+ 64
-33.3%

Summary: The Congress Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Congress Park, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Congress Park in June 2024, up by 40.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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

Jun 2023Jun 2024CHANGE
14 Days10 Days-24.5%

Summary: Homes in Congress Park had an average of 10 days on market in Jun 2024, down by 24.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 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 June 2024, 14 homes were sold in Congress Park; 86% of homes were sold within 30 days, 14% 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 26 Days Ago

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Last updated on: 7/26/2024, 9:12:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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