Is Douglas County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Douglas County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Douglas County, CO

How much do homes in Douglas County, CO cost?

Median Sold Price

$695,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$9,891(-1.4%)

Key Takeaway

Homes in Douglas County have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Douglas County was $695,000 in February 2024, down 1.4% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $310K$317K
+2.3%
2 $495.3K$465.3K
-6.1%
3 $618.7K$611.7K
-1.1%
4 $744.2K$730.9K
-1.8%
5+ $908.1K$892.7K
-1.7%

Summary: Douglas County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Counties

Teller County
+2.9%
Jefferson County
0.4%
Douglas County
-1.4%
Arapahoe County
-1.4%
El Paso County
-3.0%

Housing Supply in Douglas County, CO

How many homes are available in Douglas County, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,9822,359+19.0%

Summary: The Douglas County real estate market had 2,359 homes for sale in February 2024, a 19.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1815
-16.7%
2 181207
+14.4%
3 625718
+14.9%
4 657813
+23.7%
5+ 501606
+21.0%

Summary: The Douglas County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 21%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
470569+21.1%

Asking Price vs. Sold Price

256 Homes Were Sold
Under Asking

167 Homes Were Sold
At Asking

146 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas County, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 569 homes were sold or pending in Douglas County in February 2024, up by 21.1% month-over-month. Of the 569 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.

Days on Market for Douglas County, CO

How long does it take to sell a home in Douglas County, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
59 Days54 Days-8.1%

Summary: Homes in Douglas County had an average of 54 days on market in Feb 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

274 Homes Were Sold
Under 30 Days

160 Homes Were Sold
In 30 - 90 Days

135 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 569 homes were sold in Douglas County; 48% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% 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 3 Days Ago

Newest Listings in Douglas County, CO

Nearby Markets to Douglas County, CO

What housing markets are near Douglas County, CO?