Is Montbello, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montbello has remained a Seller's Market.
Key Takeaway
Montbello is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montbello, CO
How much do homes in Montbello, CO cost?
Median Sold Price
$469,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montbello have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Montbello was $469,500 in April 2024, up 4.3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $396K | $417K | +5.3% |
| 3 Bedrooms | $445.5K | $445K | -0.1% |
| 4 Bedrooms | $463.7K | $471K | +1.6% |
| 5+ Bedrooms | $485K | $501.2K | +3.4% |
Summary: Montbello 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 5.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Montbello, CO
How many homes are available in Montbello, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 58 | +70.6% |
Summary: The Montbello real estate market had 58 homes for sale in April 2024, a 70.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 9 | 21 | +133.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Montbello 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 300%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 18 | +500.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montbello, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Montbello in April 2024, up by 500.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Montbello, CO
How long does it take to sell a home in Montbello, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -22.3% |
Summary: Homes in Montbello had an average of 23 days on market in Apr 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montbello are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Montbello; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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