Is Tri-Lakes, 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, Tri-Lakes was a Seller's Market.
Housing Prices in Tri-Lakes, CO
How much do homes in Tri-Lakes, CO cost?
Median Sold Price
$750,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tri-Lakes was $750,000 in April 2024, down 6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $391.5K | N/A |
3 Bedrooms | $644.5K | $465K | -27.9% |
4 Bedrooms | $795K | $750K | -5.7% |
5+ Bedrooms | $830K | $931.4K | +12.2% |
Summary: Tri-Lakes 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 27.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in Tri-Lakes, CO
How many homes are available in Tri-Lakes, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 223 | +60.4% |
Summary: The Tri-Lakes real estate market had 223 homes for sale in April 2024, a 60.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 24 | 53 | +120.8% |
4 Bedrooms | 51 | 77 | +51.0% |
5+ Bedrooms | 54 | 80 | +48.1% |
Summary: The Tri-Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 120.8%, 4 bedroom homes increased by 51%, and 5+ bedroom homes increased by 48.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 23 | +228.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Tri-Lakes in April 2024, up by 228.6% month-over-month. Of the 23 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.
Days on Market for Tri-Lakes, CO
How long does it take to sell a home in Tri-Lakes, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 37 Days | +28.2% |
Summary: Homes in Tri-Lakes had an average of 37 days on market in Apr 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Tri-Lakes; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.