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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powers is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Powers has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Powers, CO

How much do homes in Powers, CO cost?

Median Sold Price

$450,000

$241/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$15,000(+3.4%)

Key Takeaway

Homes in Powers have sold for 3.4% more than they did a month ago.

Summary: The median home sold price in Powers was $450,000 in September 2024, up 3.4% from last month, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $295K$405K
+37.3%
3 $435K$435K
0.0%
4 $442.5K$455K
+2.8%
5+ $440K$530K
+20.5%

Summary: Powers housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Neighborhoods

Claremont Ranch
+4.0%
Powers
+3.4%
Rustic Hills
+3.2%
Springs Ranch
+0.7%
Cimarron Hills
-8.2%

Housing Supply in Powers, CO

How many homes are available in Powers, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
238328+37.8%

Summary: The Powers real estate market had 328 homes for sale in September 2024, a 37.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 4049
+22.5%
3 99140
+41.4%
4 5880
+37.9%
5+ 4059
+47.5%

Summary: The Powers housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 47.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powers, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Powers in September 2024, up by 47.1% month-over-month. Of the 25 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Powers, CO

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

Average Sale Time

Aug 2024Sep 2024CHANGE
34 Days29 Days-15.2%

Summary: Homes in Powers had an average of 29 days on market in Sep 2024, down by 15.2% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Powers has remained consistent over time.

Summary: During September 2024, 25 homes were sold in Powers; 48% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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