Is Erie-Frederick, 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-Frederick has remained a Seller's Market.
Housing Prices in Erie-Frederick, CO
How much do homes in Erie-Frederick, CO cost?
Median Sold Price
$590,333
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Erie-Frederick was $590,333 in March 2024, down 0.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | - | N/A |
2 Bedrooms | $386.5K | $378.7K | -2.0% |
3 Bedrooms | $524.4K | $524.8K | 0.1% |
4 Bedrooms | $650K | $633.2K | -2.6% |
5+ Bedrooms | $750K | $801.6K | +6.9% |
Summary: Erie-Frederick 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 decreased by 2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in Erie-Frederick, CO
How many homes are available in Erie-Frederick, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
358 | 401 | +12.0% |
Summary: The Erie-Frederick real estate market had 401 homes for sale in March 2024, a 12.0% 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 | 31 | 27 | -12.9% |
3 Bedrooms | 144 | 181 | +25.7% |
4 Bedrooms | 114 | 118 | +3.5% |
5+ Bedrooms | 69 | 75 | +8.7% |
Summary: The Erie-Frederick 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 12.9%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 90 | -16.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Erie-Frederick in March 2024, down by 16.7% month-over-month. Of the 90 sold homes, 41% were sold under asking, 34% were sold at asking, and 24% were sold over asking.
Days on Market for Erie-Frederick, CO
How long does it take to sell a home in Erie-Frederick, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 49 Days | -3.0% |
Summary: Homes in Erie-Frederick had an average of 49 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 90 homes were sold in Erie-Frederick; 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.