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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Speer is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Speer, CO

How much do homes in Speer, CO cost?

Median Sold Price

$582,000

$486/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$110,500(-16.0%)

Key Takeaway

Homes in Speer have sold for 16% less than they did a year ago.

Summary: The median home sold price in Speer was $582,000 in April 2024, down 16% from last year, and the median price per square foot was $486.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $295K$290K
-1.7%
2 $469K$530K
+13.0%
3 $855K$855K
0.0%
4 $937.5K$1.1M
+17.3%
5+ $1.0M$908.2K
-12.2%

Summary: Speer housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 13%, 3 bedroom homes did not change, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 12.2%.

Median Sold Price Compared To Nearby Neighborhoods

Speer
-16.0%
Alamo Placita
-35.2%

Housing Supply in Speer, CO

How many homes are available in Speer, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5269+32.7%

Summary: The Speer real estate market had 69 homes for sale in April 2024, a 32.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1319
+46.2%
2 2427
+12.5%
3 1016
+60.0%
4 33
0.0%
5+ 24
+100.0%

Summary: The Speer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
617+183.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Speer, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Speer in April 2024, up by 183.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% were sold over asking.

Days on Market for Speer, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days32 Days+358.0%

Summary: Homes in Speer had an average of 32 days on market in Apr 2024, up by 358% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 17 homes were sold in Speer; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

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