Is Parker, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parker is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Parker has remained a Seller's Market.

Key Takeaway

Parker is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Parker, CO

How much do homes in Parker, CO cost?

Median Sold Price

$664,764

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$24,606(-3.6%)

Key Takeaway

Homes in Parker have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Parker was $664,764 in February 2024, down 3.6% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $300K$309K
+3.0%
2 $402K$390K
-3.0%
3 $591.1K$595.2K
+0.7%
4 $725.1K$702.5K
-3.1%
5+ $839.9K$841K
0.1%

Summary: Parker housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
+1.6%
Aurora
-2.8%
Parker
-3.6%

Housing Supply in Parker, CO

How many homes are available in Parker, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
609711+16.7%

Summary: The Parker real estate market had 711 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 53
-40.0%
2 5870
+20.7%
3 214219
+2.3%
4 181243
+34.3%
5+ 151176
+16.6%

Summary: The Parker housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 16.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
147161+9.5%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parker, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.

Summary: A total of 161 homes were sold or pending in Parker in February 2024, up by 9.5% month-over-month. Of the 161 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.

Days on Market for Parker, CO

How long does it take to sell a home in Parker, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
63 Days54 Days-13.7%

Summary: Homes in Parker had an average of 54 days on market in Feb 2024, down by 13.7% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parker are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 161 homes were sold in Parker; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% 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 28 Days Ago

Newest Listings in Parker, CO

Nearby Markets to Parker, CO

What housing markets are near Parker, CO?