Is North Eastern Plains, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Eastern Plains is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, North Eastern Plains was a Buyer's Market.

Key Takeaway

North Eastern Plains is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Eastern Plains, CO

How much do homes in North Eastern Plains, CO cost?

Median Sold Price

$900,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$200,000(-18.2%)

Key Takeaway

Homes in North Eastern Plains have sold for 18.2% less than they did a year ago.

Summary: The median home sold price in North Eastern Plains was $900,000 in April 2024, down 18.2% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $842.5K$615.6K
-26.9%
3 $998.7K$685K
-31.4%
4 $1.2M$1.4M
+14.2%
5+ $1.2M$1.9M
+60.4%

Summary: North Eastern Plains 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 decreased by 26.9%, 3 bedroom homes decreased by 31.4%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 60.4%.

Housing Supply in North Eastern Plains, CO

How many homes are available in North Eastern Plains, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2328+21.7%

Summary: The North Eastern Plains real estate market had 28 homes for sale in April 2024, a 21.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 66
0.0%
3 811
+37.5%
4 67
+16.7%
5+ 23
+50.0%

Summary: The North Eastern Plains 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Eastern Plains, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Eastern Plains in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for North Eastern Plains, CO

How long does it take to sell a home in North Eastern Plains, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
157 Days115 Days-26.4%

Summary: Homes in North Eastern Plains had an average of 115 days on market in Apr 2024, down by 26.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in North Eastern Plains are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in North Eastern Plains; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

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