Is Phillips County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phillips County is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Phillips County has remained a Buyer's Market.

Key Takeaway

Phillips County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Phillips County, CO

How much do homes in Phillips County, CO cost?

Median Sold Price

$224,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,450(+11.7%)

Key Takeaway

Homes in Phillips County have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Phillips County was $224,000 in April 2024, up 11.7% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$135K
N/A
2 $157.5K$159K
+1.0%
3 $186.5K$227.5K
+22.0%
4 $220K$257.5K
+17.0%
5+ $300K$337.5K
+12.5%

Summary: Phillips County 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 1%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 12.5%.

Housing Supply in Phillips County, CO

How many homes are available in Phillips County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1816-11.1%

Summary: The Phillips County real estate market had 16 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 55
0.0%
4 44
0.0%
5+ 56
+20.0%

Summary: The Phillips County 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phillips County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Phillips County in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Phillips County, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
139 Days161 Days+15.8%

Summary: Homes in Phillips County had an average of 161 days on market in Apr 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Phillips County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 6 Days Ago

Newest Listings in Phillips County, CO

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What housing markets are near Phillips County, CO?