Is Northeast Park Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Northeast Park Hill was a Seller's Market.
Key Takeaway
Northeast Park Hill 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 Northeast Park Hill, CO
How much do homes in Northeast Park Hill, CO cost?
Median Sold Price
$528,938
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northeast Park Hill have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Northeast Park Hill was $528,938 in April 2024, down 3.8% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $285K | 0.0% |
| 2 Bedrooms | $490K | $401K | -18.2% |
| 3 Bedrooms | $525K | $565K | +7.6% |
| 4 Bedrooms | $580K | $575K | -0.9% |
| 5+ Bedrooms | $575K | $625K | +8.7% |
Summary: Northeast Park Hill 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 18.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Park Hill | $550K | $528.9K | -3.8% |
| Northeast Denver | $750K | $716.6K | -4.5% |
Housing Supply in Northeast Park Hill, CO
How many homes are available in Northeast Park Hill, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 32 | +100.0% |
Summary: The Northeast Park Hill real estate market had 32 homes for sale in April 2024, a 100.0% 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 | 5 | 10 | +100.0% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Northeast Park Hill 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 increased by 150%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Park Hill, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Northeast Park Hill in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Northeast Park Hill, CO
How long does it take to sell a home in Northeast Park Hill, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 20 Days | +223.2% |
Summary: Homes in Northeast Park Hill had an average of 20 days on market in Apr 2024, up by 223.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Park Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Northeast Park Hill; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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