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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Superior is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Superior was a Neutral Market.

Key Takeaway

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

Housing Prices in Superior, CO

How much do homes in Superior, CO cost?

Median Sold Price

$802,945

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$24,832(-3.0%)

Key Takeaway

Homes in Superior have sold for 3% less than they did a year ago.

Summary: The median home sold price in Superior was $802,945 in February 2024, down 3% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $322.5K$350K
+8.5%
2 $531.8K$529.9K
-0.4%
3 $754.6K$767.4K
+1.7%
4 $897.5K$930K
+3.6%
5+ $1.1M$1.0M
-6.7%

Summary: Superior housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Broomfield
+1.8%
Lafayette-Louisville
0.3%
Northeast Jefferson
-0.6%
Superior
-3.0%

Housing Supply in Superior, CO

How many homes are available in Superior, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6885+25.0%

Summary: The Superior real estate market had 85 homes for sale in February 2024, a 25.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1517
+13.3%
3 2231
+40.9%
4 911
+22.2%
5+ 2125
+19.0%

Summary: The Superior housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Superior, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Superior in February 2024, up by 54.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for Superior, CO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
105 Days78 Days-25.6%

Summary: Homes in Superior had an average of 78 days on market in Feb 2024, down by 25.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Superior are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 17 homes were sold in Superior; 41% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 53% 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 27 Days Ago

Newest Listings in Superior, CO

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