Is Elbert County, 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, Elbert County was a Seller's Market.
Housing Prices in Elbert County, CO
How much do homes in Elbert County, CO cost?
Median Sold Price
$630,222
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elbert County was $630,222 in March 2024, down 3.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $296K | -46.2% |
2 Bedrooms | $348.7K | $425K | +21.9% |
3 Bedrooms | $589K | $570K | -3.2% |
4 Bedrooms | $662.5K | $649K | -2.0% |
5+ Bedrooms | $808.5K | $768K | -5.0% |
Summary: Elbert County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.2%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Counties
Lincoln County | $199.9K | $226.5K | +13.3% |
Douglas County | $701.9K | $698.7K | -0.5% |
Arapahoe County | $529.7K | $524.9K | -0.9% |
El Paso County | $495.3K | $489.2K | -1.2% |
Elbert County | $655K | $630.2K | -3.8% |
Housing Supply in Elbert County, CO
How many homes are available in Elbert County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 171 | +8.2% |
Summary: The Elbert County real estate market had 171 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 48 | 61 | +27.1% |
5+ Bedrooms | 47 | 49 | +4.3% |
Summary: The Elbert County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 27 | -30.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Elbert County in March 2024, down by 30.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for Elbert County, CO
How long does it take to sell a home in Elbert County, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
97 Days | 72 Days | -25.4% |
Summary: Homes in Elbert County had an average of 72 days on market in Mar 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Elbert County; 33% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.