Is North Park Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Park Hill was a Neutral Market.
Key Takeaway
North Park Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Park Hill, CO
How much do homes in North Park Hill, CO cost?
Median Sold Price
$712,000
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Park Hill have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in North Park Hill was $712,000 in March 2024, down 2.9% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $545K | +17.2% |
| 3 Bedrooms | $685K | $669K | -2.3% |
| 4 Bedrooms | $886.8K | $802.5K | -9.5% |
| 5+ Bedrooms | $1.1M | $1.3M | +10.9% |
Summary: North Park Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Strayer's Park Place | $853.2K | $925K | +8.4% |
| North Park Hill | $733.3K | $712K | -2.9% |
Housing Supply in North Park Hill, CO
How many homes are available in North Park Hill, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 65 | +30.0% |
Summary: The North Park Hill real estate market had 65 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The North Park Hill 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 increased by 166.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Park Hill, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in North Park Hill in March 2024, up by 125.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for North Park Hill, CO
How long does it take to sell a home in North Park Hill, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 30 Days | +200.6% |
Summary: Homes in North Park Hill had an average of 30 days on market in Mar 2024, up by 200.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Park Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in North Park Hill; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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