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 September 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

$601,589

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$11,589(+2.0%)

Key Takeaway

Homes in Erie-Frederick have sold for 2% more than they did a year ago.

Summary: The median home sold price in Erie-Frederick was $601,589 in September 2024, up 2% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $290K$276K
-4.8%
2 $389.2K$375K
-3.7%
3 $510K$542.9K
+6.5%
4 $649K$640K
-1.4%
5+ $777K$792.5K
+2.0%

Summary: Erie-Frederick housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Dacono
+4.4%
Firestone
+4.4%
Erie-Frederick
+2.0%
Frederick
+0.8%
Erie
-1.1%

Housing Supply in Erie-Frederick, CO

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
486512+5.3%

Summary: The Erie-Frederick real estate market had 512 homes for sale in September 2024, a 5.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 4642
-8.7%
3 200198
-1.0%
4 126148
+17.5%
5+ 110121
+10.0%

Summary: The Erie-Frederick housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
89112+25.8%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

21 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. 51.8% of homes here sold below asking price last month.

Summary: A total of 112 homes were sold or pending in Erie-Frederick in September 2024, up by 25.8% month-over-month. Of the 112 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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

Sep 2023Sep 2024CHANGE
31 Days51 Days+60.4%

Summary: Homes in Erie-Frederick had an average of 51 days on market in Sep 2024, up by 60.4% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

18 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 September 2024, 112 homes were sold in Erie-Frederick; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 16% 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 30 Days Ago

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