Is Erie, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Erie, CO

How much do homes in Erie, CO cost?

Median Sold Price

$726,272

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,181(-0.2%)

Key Takeaway

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

Summary: The median home sold price in Erie was $726,272 in March 2024, down 0.2% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $410K$510K
+24.4%
3 $640K$650K
+1.6%
4 $749.9K$738.7K
-1.5%
5+ $923K$885K
-4.1%

Summary: Erie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Dacono
+7.6%
Lafayette
+3.4%
Erie
-0.2%
Erie-Frederick
-0.8%
Frederick
-1.7%

Housing Supply in Erie, CO

How many homes are available in Erie, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
221233+5.4%

Summary: The Erie real estate market had 233 homes for sale in March 2024, a 5.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2422
-8.3%
3 6984
+21.7%
4 7982
+3.8%
5+ 4945
-8.2%

Summary: The Erie 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 decreased by 8.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 8.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6766-1.5%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Erie in March 2024, down by 1.5% month-over-month. Of the 66 sold homes, 39% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market for Erie, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days60 Days+16.4%

Summary: Homes in Erie had an average of 60 days on market in Mar 2024, up by 16.4% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 66 homes were sold in Erie; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% 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 17 Days Ago

Newest Listings in Erie, CO

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