Is South Eastern Plains, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, South Eastern Plains has remained a Seller's Market.
Housing Prices in South Eastern Plains, CO
How much do homes in South Eastern Plains, CO cost?
Median Sold Price
$767,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Eastern Plains was $767,000 in March 2024, down 1.7% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $600K | $577.5K | -3.8% |
3 Bedrooms | $650K | $668.5K | +2.8% |
4 Bedrooms | $780K | $797K | +2.2% |
5+ Bedrooms | $980K | $975K | -0.5% |
Summary: South Eastern Plains housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Lafayette / Indian Peaks | $812K | $815K | 0.4% |
South Eastern Plains | $780K | $767K | -1.7% |
Housing Supply in South Eastern Plains, CO
How many homes are available in South Eastern Plains, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 103 | +15.7% |
Summary: The South Eastern Plains real estate market had 103 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 29 | 35 | +20.7% |
4 Bedrooms | 37 | 38 | +2.7% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The South Eastern Plains housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 42 | +90.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in South Eastern Plains in March 2024, up by 90.9% month-over-month. Of the 42 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for South Eastern Plains, CO
How long does it take to sell a home in South Eastern Plains, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 55 Days | +56.3% |
Summary: Homes in South Eastern Plains had an average of 55 days on market in Mar 2024, up by 56.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in South Eastern Plains; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.