Is Cotopaxi, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cotopaxi was a Seller's Market.
Housing Prices in Cotopaxi, CO
How much do homes in Cotopaxi, CO cost?
Median Sold Price
$465,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cotopaxi was $465,000 in March 2024, down 6.5% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $755K | $430K | -43.0% |
2 Bedrooms | $392K | $435K | +11.0% |
3 Bedrooms | $520K | $475K | -8.7% |
4 Bedrooms | $687.5K | $737.5K | +7.3% |
5+ Bedrooms | $612.5K | $612.8K | 0.1% |
Summary: Cotopaxi housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43%, 2 bedroom homes increased by 11%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Cotopaxi, CO
How many homes are available in Cotopaxi, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Summary: The Cotopaxi real estate market had 62 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Cotopaxi housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Cotopaxi in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Cotopaxi, CO
How long does it take to sell a home in Cotopaxi, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 109 Days | +146.6% |
Summary: Homes in Cotopaxi had an average of 109 days on market in Mar 2024, up by 146.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Cotopaxi; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.