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 August 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

$574,999

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$10,701(+1.9%)

Key Takeaway

Homes in Timnath-Wellington have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Timnath-Wellington was $574,999 in August 2024, up 1.9% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $423K-
N/A
2 $430K$376.7K
-12.4%
3 $505.8K$494.9K
-2.2%
4 $708.5K$665K
-6.1%
5+ $800K$802.5K
0.3%

Summary: Timnath-Wellington housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Timnath-Wellington
+1.9%
Wellington
0.4%
Fort Collins
-0.4%
Timnath
-3.1%

Housing Supply in Timnath-Wellington, CO

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

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
301351+16.6%

Summary: The Timnath-Wellington real estate market had 351 homes for sale in August 2024, a 16.6% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 2430
+25.0%
3 116138
+19.0%
4 91101
+11.0%
5+ 7082
+17.1%

Summary: The Timnath-Wellington housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 17.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5652-7.1%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

15 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. 55.8% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Timnath-Wellington in August 2024, down by 7.1% month-over-month. Of the 52 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% 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

Aug 2023Aug 2024CHANGE
32 Days34 Days+5.0%

Summary: Homes in Timnath-Wellington had an average of 34 days on market in Aug 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Timnath-Wellington are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 52 homes were sold in Timnath-Wellington; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 6% 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 9 Days Ago

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