Is Timnath-Wellington, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Timnath-Wellington was a Seller's Market.
Housing Prices in Timnath-Wellington, CO
How much do homes in Timnath-Wellington, CO cost?
Median Sold Price
$574,390
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Timnath-Wellington was $574,390 in February 2024, down 0.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $416K | - | N/A |
2 Bedrooms | $387.1K | $380K | -1.8% |
3 Bedrooms | $508.9K | $500K | -1.8% |
4 Bedrooms | $669.2K | $685K | +2.4% |
5+ Bedrooms | $753K | $800K | +6.2% |
Summary: Timnath-Wellington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Fort Collins | $551.7K | $555.5K | +0.7% |
Wellington | $488.1K | $485K | -0.6% |
Timnath-Wellington | $579.6K | $574.3K | -0.9% |
Timnath | $715K | $699.2K | -2.2% |
Housing Supply in Timnath-Wellington, CO
How many homes are available in Timnath-Wellington, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
214 | 259 | +21.0% |
Summary: The Timnath-Wellington real estate market had 259 homes for sale in February 2024, a 21.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 84 | 95 | +13.1% |
4 Bedrooms | 66 | 93 | +40.9% |
5+ Bedrooms | 47 | 52 | +10.6% |
Summary: The Timnath-Wellington 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 11.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 42 | +61.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Timnath-Wellington in February 2024, up by 61.5% month-over-month. Of the 42 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Timnath-Wellington, CO
How long does it take to sell a home in Timnath-Wellington, CO?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 72 Days | -5.7% |
Summary: Homes in Timnath-Wellington had an average of 72 days on market in Feb 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 42 homes were sold in Timnath-Wellington; 31% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.