Is Timnath-Wellington, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath-Wellington is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Timnath-Wellington was a Seller's Market.

Key Takeaway

Timnath-Wellington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$5,253(-0.9%)

Key Takeaway

Homes in Timnath-Wellington have sold for 0.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $416K-
N/A
2 $387.1K$380K
-1.8%
3 $508.9K$500K
-1.8%
4 $669.2K$685K
+2.4%
5+ $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
+0.7%
Wellington
-0.6%
Timnath-Wellington
-0.9%
Timnath
-2.2%

Housing Supply in Timnath-Wellington, CO

How many homes are available in Timnath-Wellington, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
214259+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1719
+11.8%
3 8495
+13.1%
4 6693
+40.9%
5+ 4752
+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 2024Feb 2024CHANGE
2642+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath-Wellington, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
77 Days72 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Timnath-Wellington are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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