Is Southridge, 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, Southridge has remained a Seller's Market.
Key Takeaway
Southridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southridge, CO
How much do homes in Southridge, CO cost?
Median Sold Price
$797,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southridge have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Southridge was $797,500 in April 2024, up 2.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $547.5K | $571.7K | +4.4% |
| 3 Bedrooms | $650K | $657.6K | +1.2% |
| 4 Bedrooms | $740K | $785K | +6.1% |
| 5+ Bedrooms | $949K | $1.0M | +6.1% |
Summary: Southridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Southridge | $775K | $797.5K | +2.9% |
| The Hearth | $861.2K | $810K | -6.0% |
| Hawks Pointe | $660K | $616K | -6.7% |
Housing Supply in Southridge, CO
How many homes are available in Southridge, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 78 | +77.3% |
Summary: The Southridge real estate market had 78 homes for sale in April 2024, a 77.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 15 | 25 | +66.7% |
| 5+ Bedrooms | 19 | 34 | +78.9% |
Summary: The Southridge 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 100%, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 78.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southridge, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Southridge in April 2024, up by 90.0% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Southridge, CO
How long does it take to sell a home in Southridge, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 20 Days | +198.2% |
Summary: Homes in Southridge had an average of 20 days on market in Apr 2024, up by 198.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Southridge; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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