Is The Farm, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Farm was a Buyer's Market.
Key Takeaway
The Farm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Farm, CO
How much do homes in The Farm, CO cost?
Median Sold Price
$765,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Farm have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in The Farm was $765,000 in April 2024, down 0.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $677.4K | $586.4K | -13.4% |
| 4 Bedrooms | $747.5K | $766.5K | +2.5% |
| 5+ Bedrooms | $785K | $821.5K | +4.6% |
Summary: The Farm 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 did not change, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Piney Creek | $750K | $765K | +2.0% |
| The Farm | $770K | $765K | -0.6% |
| The Highlands at Piney Creek | $746.1K | $740K | -0.8% |
Housing Supply in The Farm, CO
How many homes are available in The Farm, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Summary: The The Farm real estate market had 12 homes for sale in April 2024, a 200.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The The Farm 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Farm, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in The Farm in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for The Farm, CO
How long does it take to sell a home in The Farm, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -3.3% |
Summary: Homes in The Farm had an average of 11 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Farm are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in The Farm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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