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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sedalia is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Sedalia, CO

How much do homes in Sedalia, CO cost?

Median Sold Price

$735,794

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,846(-0.9%)

Key Takeaway

Homes in Sedalia have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Sedalia was $735,794 in March 2024, down 0.9% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $325K$335K
+3.1%
2 $520.6K$515K
-1.1%
3 $638.3K$635K
-0.5%
4 $772.8K$776.2K
0.4%
5+ $1.0M$1.0M
-2.6%

Summary: Sedalia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

South Jefferson
+5.2%
Castle Rock
+0.7%
Littleton
-0.4%
Sedalia
-0.9%

Housing Supply in Sedalia, CO

How many homes are available in Sedalia, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
869981+12.9%

Summary: The Sedalia real estate market had 981 homes for sale in March 2024, a 12.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 86
-25.0%
2 6368
+7.9%
3 264300
+13.6%
4 289298
+3.1%
5+ 245309
+26.1%

Summary: The Sedalia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 26.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
239262+9.6%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

74 Homes Were Sold
At Asking

83 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sedalia, you may be able to get a good deal. 40.1% of homes here sold below asking price last month.

Summary: A total of 262 homes were sold or pending in Sedalia in March 2024, up by 9.6% month-over-month. Of the 262 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.

Days on Market for Sedalia, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
46 Days53 Days+16.3%

Summary: Homes in Sedalia had an average of 53 days on market in Mar 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

157 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

65 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 262 homes were sold in Sedalia; 60% of homes were sold within 30 days, 15% 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 18 Days Ago

Newest Listings in Sedalia, CO

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