Is Erie, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Erie has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $410K | $510K | +24.4% |
3 Bedrooms | $640K | $650K | +1.6% |
4 Bedrooms | $749.9K | $738.7K | -1.5% |
5+ Bedrooms | $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 | $460K | $495K | +7.6% |
Lafayette | $696.5K | $720.2K | +3.4% |
Erie | $727.4K | $726.2K | -0.2% |
Erie-Frederick | $595K | $590.3K | -0.8% |
Frederick | $544.2K | $535K | -1.7% |
Housing Supply in Erie, CO
How many homes are available in Erie, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
221 | 233 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 69 | 84 | +21.7% |
4 Bedrooms | 79 | 82 | +3.8% |
5+ Bedrooms | 49 | 45 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 66 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 60 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
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.