Is Union Station / Lower Downtown, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Station / Lower Downtown is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Union Station / Lower Downtown has remained a Buyer's Market.

Key Takeaway

Union Station / Lower Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Union Station / Lower Downtown, CO

How much do homes in Union Station / Lower Downtown, CO cost?

Median Sold Price

$600,000

$521/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$101,250(-14.4%)

Key Takeaway

Homes in Union Station / Lower Downtown have sold for 14.4% less than they did a month ago.

Summary: The median home sold price in Union Station / Lower Downtown was $600,000 in June 2024, down 14.4% from last month, and the median price per square foot was $521.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 $536.2K$590K
+10.0%
2 $795K$705K
-11.3%
3 $985K-
N/A
4 --
N/A
5+ --
N/A

Summary: Union Station / Lower Downtown housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Union Station / Lower Downtown, CO

How many homes are available in Union Station / Lower Downtown, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6872+5.9%

Summary: The Union Station / Lower Downtown real estate market had 72 homes for sale in June 2024, a 5.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 3030
0.0%
2 3237
+15.6%
3 65
-16.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Union Station / Lower Downtown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Station / Lower Downtown, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Union Station / Lower Downtown in June 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Union Station / Lower Downtown, CO

How long does it take to sell a home in Union Station / Lower Downtown, CO?

Average Sale Time

May 2024Jun 2024CHANGE
39 Days116 Days+195.9%

Summary: Homes in Union Station / Lower Downtown had an average of 116 days on market in Jun 2024, up by 195.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union Station / Lower Downtown has remained consistent over time.

Summary: During June 2024, 5 homes were sold in Union Station / Lower Downtown; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 26 Days Ago

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