Is Saddle Rock Ridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saddle Rock Ridge is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Saddle Rock Ridge was a Seller's Market.

Key Takeaway

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

Housing Prices in Saddle Rock Ridge, CO

How much do homes in Saddle Rock Ridge, CO cost?

Median Sold Price

$550,000

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$32,500(-5.6%)

Key Takeaway

Homes in Saddle Rock Ridge have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Saddle Rock Ridge was $550,000 in September 2024, down 5.6% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $482.5K-
N/A
3 $560K$523.1K
-6.6%
4 $573.7K$559.3K
-2.5%
5+ $612.7K$659K
+7.5%

Summary: Saddle Rock Ridge housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 7.5%.

Housing Supply in Saddle Rock Ridge, CO

How many homes are available in Saddle Rock Ridge, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2326+13.0%

Summary: The Saddle Rock Ridge real estate market had 26 homes for sale in September 2024, a 13.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 910
+11.1%
4 810
+25.0%
5+ 66
0.0%

Summary: The Saddle Rock Ridge housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saddle Rock Ridge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Saddle Rock Ridge in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Saddle Rock Ridge, CO

How long does it take to sell a home in Saddle Rock Ridge, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days21 Days+90.9%

Summary: Homes in Saddle Rock Ridge had an average of 21 days on market in Sep 2024, up by 90.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Saddle Rock Ridge; 67% of homes were sold within 30 days, 33% 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 3 Days Ago

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