Is East Colfax, 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, East Colfax has remained a Seller's Market.
Housing Prices in East Colfax, CO
How much do homes in East Colfax, CO cost?
Median Sold Price
$495,400
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Colfax was $495,400 in April 2024, down 7.4% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | - | N/A |
2 Bedrooms | $438.5K | $406K | -7.4% |
3 Bedrooms | $509.5K | $535.8K | +5.2% |
4 Bedrooms | $600K | $595K | -0.8% |
5+ Bedrooms | $750K | $711.1K | -5.2% |
Summary: East Colfax housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in East Colfax, CO
How many homes are available in East Colfax, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 46 | +58.6% |
Summary: The East Colfax real estate market had 46 homes for sale in April 2024, a 58.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 7 | 16 | +128.6% |
3 Bedrooms | 10 | 15 | +50.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Colfax housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 128.6%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 14 | +366.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in East Colfax in April 2024, up by 366.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for East Colfax, CO
How long does it take to sell a home in East Colfax, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 13 Days | +62.2% |
Summary: Homes in East Colfax had an average of 13 days on market in Apr 2024, up by 62.2% 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
Summary: During April 2024, 14 homes were sold in East Colfax; 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.