Is Mar Lee, 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, Mar Lee has remained a Seller's Market.
Key Takeaway
Mar Lee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mar Lee, CO
How much do homes in Mar Lee, CO cost?
Median Sold Price
$513,750
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mar Lee have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Mar Lee was $513,750 in March 2024, up 6.9% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376.5K | $335.7K | -10.8% |
| 2 Bedrooms | $450K | $440K | -2.2% |
| 3 Bedrooms | $481K | $502.5K | +4.5% |
| 4 Bedrooms | $520K | $550K | +5.8% |
| 5+ Bedrooms | $550K | $540K | -1.8% |
Summary: Mar Lee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Mar-Lee Manor | $467.5K | $529.9K | +13.3% |
| Mar Lee | $480.5K | $513.7K | +6.9% |
| Jerome | $512K | $461K | -10.0% |
Housing Supply in Mar Lee, CO
How many homes are available in Mar Lee, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 51 | -7.3% |
Summary: The Mar Lee real estate market had 51 homes for sale in March 2024, a 7.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mar Lee 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 21.1%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mar Lee, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Mar Lee in March 2024, the same as the previous month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for Mar Lee, CO
How long does it take to sell a home in Mar Lee, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 15 Days | -68.8% |
Summary: Homes in Mar Lee had an average of 15 days on market in Mar 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mar Lee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Mar Lee; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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