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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie-Frederick is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

-$4,666(-0.8%)

Key Takeaway

Homes in Erie-Frederick have sold for 0.8% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $290K-
N/A
2 $386.5K$378.7K
-2.0%
3 $524.4K$524.8K
0.1%
4 $650K$633.2K
-2.6%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Dacono
+7.6%
Firestone
+1.2%
Erie
-0.2%
Erie-Frederick
-0.8%
Frederick
-1.7%

Housing Supply in Erie-Frederick, CO

How many homes are available in Erie-Frederick, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
358401+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3127
-12.9%
3 144181
+25.7%
4 114118
+3.5%
5+ 6975
+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 2024Mar 2024CHANGE
10890-16.7%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie-Frederick, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
50 Days49 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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