Is Lamar Heights, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lamar Heights is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lamar Heights, CO

How much do homes in Lamar Heights, CO cost?

Median Sold Price

$582,500

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$2,500(+0.4%)

Key Takeaway

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

Summary: The median home sold price in Lamar Heights was $582,500 in April 2024, up 0.4% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $499K$538K
+7.8%
3 $552.5K$527.5K
-4.5%
4 $587K$587.5K
0.1%
5+ $606.4K$625K
+3.1%

Summary: Lamar Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.1%.

Housing Supply in Lamar Heights, CO

How many homes are available in Lamar Heights, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2236+63.6%

Summary: The Lamar Heights real estate market had 36 homes for sale in April 2024, a 63.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 55
0.0%
4 818
+125.0%
5+ 911
+22.2%

Summary: The Lamar Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
413+225.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lamar Heights, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Lamar Heights in April 2024, up by 225.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.

Days on Market for Lamar Heights, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days25 Days+20.4%

Summary: Homes in Lamar Heights had an average of 25 days on market in Apr 2024, up by 20.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 13 homes were sold in Lamar Heights; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 8 Days Ago

Newest Listings in Lamar Heights, CO

Nearby Markets to Lamar Heights, CO