Is Union Station / Lower Downtown, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Union Station / Lower Downtown has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $536.2K | $590K | +10.0% |
2 Bedrooms | $795K | $705K | -11.3% |
3 Bedrooms | $985K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
68 | 72 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 30 | 0.0% |
2 Bedrooms | 32 | 37 | +15.6% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 5 | -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
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 2024 | Jun 2024 | CHANGE |
---|---|---|
39 Days | 116 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
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.