Is Scenic Heights, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scenic Heights is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Scenic Heights has remained a Seller's Market.

Key Takeaway

Scenic Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scenic Heights, CO

How much do homes in Scenic Heights, CO cost?

Median Sold Price

$675,222

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,722(+0.4%)

Key Takeaway

The sold price of homes in Scenic Heights has remained the same since last year.

Summary: The median home sold price in Scenic Heights was $675,222 in February 2024, up 0.4% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $432.5K$311.5K
-28.0%
3 $649.9K$666.5K
+2.6%
4 $680K$665K
-2.2%
5+ $749.5K$715K
-4.6%

Summary: Scenic Heights housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.6%.

Housing Supply in Scenic Heights, CO

How many homes are available in Scenic Heights, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2124+14.3%

Summary: The Scenic Heights real estate market had 24 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1211
-8.3%
4 48
+100.0%
5+ 44
0.0%

Summary: The Scenic Heights housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scenic Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Scenic Heights in February 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Scenic Heights, CO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
125 Days36 Days-70.5%

Summary: Homes in Scenic Heights had an average of 36 days on market in Feb 2024, down by 70.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scenic Heights are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 8 homes were sold in Scenic Heights; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 28 Days Ago

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