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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salida is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Salida was a Seller's Market.

Key Takeaway

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

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

-$24,200(-3.6%)

Key Takeaway

Homes in Salida have sold for 3.6% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $399K$452.5K
+13.4%
2 $572K$563K
-1.6%
3 $670K$650K
-3.0%
4 $892.5K$824.1K
-7.7%
5+ $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 2024Mar 2024CHANGE
7692+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

# BEDSFeb 2024Mar 2024CHANGE
1 42
-50.0%
2 2026
+30.0%
3 4045
+12.5%
4 915
+66.7%
5+ 34
+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 2024Mar 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salida, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
101 Days37 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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