Is River North (RiNo), CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing River North (RiNo) is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, River North (RiNo) was a Buyer's Market.

Key Takeaway

River North (RiNo) is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in River North (RiNo), CO

How much do homes in River North (RiNo), CO cost?

Median Sold Price

$402,500

$386/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$8,000(+2.0%)

Key Takeaway

Homes in River North (RiNo) have sold for 2% more than they did a month ago.

Summary: The median home sold price in River North (RiNo) was $402,500 in March 2024, up 2% from last month, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 -$340K
N/A
2 $394.5K$245K
-37.9%
3 -$465K
N/A
4 --
N/A
5+ --
N/A

Summary: River North (RiNo) housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Garden Place
+17.9%
River North (RiNo)
+2.0%

Housing Supply in River North (RiNo), CO

How many homes are available in River North (RiNo), CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1519+26.7%

Summary: The River North (RiNo) real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 35
+66.7%
2 66
0.0%
3 66
0.0%
4 00
0.0%
5+ 02
+100.0%

Summary: The River North (RiNo) housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 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 River North (RiNo), you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in River North (RiNo) in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for River North (RiNo), CO

How long does it take to sell a home in River North (RiNo), CO?

Average Sale Time

Feb 2024Mar 2024CHANGE
86 Days118 Days+37.2%

Summary: Homes in River North (RiNo) had an average of 118 days on market in Mar 2024, up by 37.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in River North (RiNo) are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 4 homes were sold in River North (RiNo); 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 24 Days Ago

Newest Listings in River North (RiNo), CO

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