Is Salida, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Salida was a Seller's Market.
Housing Prices in Salida, CO
How much do homes in Salida, CO cost?
Median Sold Price
$651,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Salida was $651,000 in March 2024, down 3.6% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399K | $452.5K | +13.4% |
2 Bedrooms | $572K | $563K | -1.6% |
3 Bedrooms | $670K | $650K | -3.0% |
4 Bedrooms | $892.5K | $824.1K | -7.7% |
5+ Bedrooms | $835K | $831.5K | -0.4% |
Summary: Salida housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in Salida, CO
How many homes are available in Salida, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 92 | +21.1% |
Summary: The Salida real estate market had 92 homes for sale in March 2024, a 21.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 40 | 45 | +12.5% |
4 Bedrooms | 9 | 15 | +66.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Salida housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Salida in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Salida, CO
How long does it take to sell a home in Salida, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
101 Days | 37 Days | -62.7% |
Summary: Homes in Salida had an average of 37 days on market in Mar 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Salida; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.