Is South Park Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Park Hill has remained a Seller's Market.
Key Takeaway
South Park Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Park Hill, CO
How much do homes in South Park Hill, CO cost?
Median Sold Price
$1,090,000
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Park Hill have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in South Park Hill was $1,090,000 in April 2024, up 8.7% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.5K | $176K | -56.8% |
| 2 Bedrooms | $750K | $651.2K | -13.2% |
| 3 Bedrooms | $818K | $787.5K | -3.7% |
| 4 Bedrooms | $1.1M | $1.2M | +9.5% |
| 5+ Bedrooms | $1.8M | $1.9M | +6.1% |
Summary: South Park Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.8%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Downington | $1.2M | $1.3M | +14.8% |
| South Park Hill | $1.0M | $1.0M | +8.7% |
Housing Supply in South Park Hill, CO
How many homes are available in South Park Hill, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Summary: The South Park Hill real estate market had 46 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The South Park Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park Hill, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in South Park Hill in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 13% were sold under asking, 47% were sold at asking, and 40% were sold over asking.
Days on Market for South Park Hill, CO
How long does it take to sell a home in South Park Hill, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -12.2% |
Summary: Homes in South Park Hill had an average of 9 days on market in Apr 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Park Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in South Park Hill; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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