Is Timnath-Wellington, 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, Timnath-Wellington has remained a Seller's Market.
Housing Prices in Timnath-Wellington, CO
How much do homes in Timnath-Wellington, CO cost?
Median Sold Price
$583,376
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Timnath-Wellington was $583,376 in March 2024, up 1.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $416K | - | N/A |
2 Bedrooms | $387.5K | $376K | -3.0% |
3 Bedrooms | $507.6K | $500K | -1.5% |
4 Bedrooms | $675K | $679.9K | +0.7% |
5+ Bedrooms | $751.5K | $800K | +6.5% |
Summary: Timnath-Wellington 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 decreased by 3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Fort Collins | $550.7K | $558.9K | +1.5% |
Timnath-Wellington | $575.5K | $583.3K | +1.4% |
Timnath | $700K | $698.8K | -0.2% |
Wellington | $490K | $483K | -1.4% |
Housing Supply in Timnath-Wellington, CO
How many homes are available in Timnath-Wellington, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
242 | 276 | +14.0% |
Summary: The Timnath-Wellington real estate market had 276 homes for sale in March 2024, a 14.0% increase 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 | 14 | 19 | +35.7% |
3 Bedrooms | 90 | 104 | +15.6% |
4 Bedrooms | 86 | 96 | +11.6% |
5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Timnath-Wellington 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 increased by 35.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 56 | +24.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Timnath-Wellington in March 2024, up by 24.4% month-over-month. Of the 56 sold homes, 39% were sold under asking, 45% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
107 Days | 77 Days | -28.6% |
Summary: Homes in Timnath-Wellington had an average of 77 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in Timnath-Wellington; 20% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.