Is Teller County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Teller County was a Seller's Market.
Housing Prices in Teller County, CO
How much do homes in Teller County, CO cost?
Median Sold Price
$517,500
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Teller County was $517,500 in March 2024, up 1.8% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $213K | -25.3% |
2 Bedrooms | $350K | $370K | +5.7% |
3 Bedrooms | $485K | $514K | +6.0% |
4 Bedrooms | $615K | $640K | +4.1% |
5+ Bedrooms | $740K | $755K | +2.0% |
Summary: Teller County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
Teller County | $508.2K | $517.5K | +1.8% |
Park County | $550K | $549.5K | -0.1% |
Douglas County | $701.9K | $698.7K | -0.5% |
El Paso County | $495.3K | $489.2K | -1.2% |
Fremont County | $385K | $370K | -3.9% |
Housing Supply in Teller County, CO
How many homes are available in Teller County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
234 | 271 | +15.8% |
Summary: The Teller County real estate market had 271 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 29 | 41 | +41.4% |
3 Bedrooms | 118 | 134 | +13.6% |
4 Bedrooms | 49 | 57 | +16.3% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Teller County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Teller County in March 2024, up by 35.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.
Days on Market for Teller County, CO
How long does it take to sell a home in Teller County, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 102 Days | +30.7% |
Summary: Homes in Teller County had an average of 102 days on market in Mar 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Teller County; 22% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.