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 April 2023
At the same time last year, Union Station / Lower Downtown was 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
$764,888
$539/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Union Station / Lower Downtown was $764,888 in April 2024, down 4.4% from last year, and the median price per square foot was $539.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $462.5K | -28.8% |
2 Bedrooms | $857.8K | $836K | -2.5% |
3 Bedrooms | $1.4M | $1.0M | -30.7% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Union Station / Lower Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 30.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Barclay Towers | $410K | $547.5K | +33.5% |
Central Business District | $522.9K | $542.5K | +3.7% |
Union Station / Lower Downtown | $800K | $764.8K | -4.4% |
Central Platte Valley & Prospect | $800K | $730K | -8.8% |
The Commons | $838.5K | $738K | -12.0% |
Housing Supply in Union Station / Lower Downtown, CO
How many homes are available in Union Station / Lower Downtown, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 56 | +14.3% |
Summary: The Union Station / Lower Downtown real estate market had 56 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 19 | +18.8% |
2 Bedrooms | 28 | 30 | +7.1% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Union Station / Lower Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Union Station / Lower Downtown in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 99 Days | +79.0% |
Summary: Homes in Union Station / Lower Downtown had an average of 99 days on market in Apr 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Union Station / Lower Downtown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.