Is Terrain, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Terrain has remained a Seller's Market.
Housing Prices in Terrain, CO
How much do homes in Terrain, CO cost?
Median Sold Price
$685,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Terrain was $685,000 in March 2024, down 0.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $550K | $651K | +18.4% |
3 Bedrooms | $652.5K | $640K | -1.9% |
4 Bedrooms | $712.4K | $700K | -1.7% |
5+ Bedrooms | $751K | $765K | +1.9% |
Summary: Terrain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
Terrain | $691K | $685K | -0.9% |
Founders Village | $540.3K | $530.4K | -1.8% |
Cobblestone Ranch | $745K | $707.5K | -5.0% |
Housing Supply in Terrain, CO
How many homes are available in Terrain, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Summary: The Terrain real estate market had 43 homes for sale in March 2024, a 6.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 21 | 12 | -42.9% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 6 | 14 | +133.3% |
Summary: The Terrain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 13 | -35.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Terrain in March 2024, down by 35.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Terrain, CO
How long does it take to sell a home in Terrain, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 19 Days | -44.4% |
Summary: Homes in Terrain had an average of 19 days on market in Mar 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Terrain; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.