Is University, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, University has remained a Seller's Market.
Key Takeaway
University is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University, CO
How much do homes in University, CO cost?
Median Sold Price
$760,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in University have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in University was $760,000 in April 2024, down 7.4% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $260K | +0.8% |
| 2 Bedrooms | $629.3K | $535K | -15.0% |
| 3 Bedrooms | $750K | $787K | +4.9% |
| 4 Bedrooms | $830K | $875.6K | +5.5% |
| 5+ Bedrooms | $1.5M | $1.3M | -13.7% |
Summary: University housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Iliff's University | $2.0M | $2.3M | +17.3% |
| Evanston | $767.6K | $715K | -6.9% |
| University | $821K | $760K | -7.4% |
Housing Supply in University, CO
How many homes are available in University, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 52 | +67.7% |
Summary: The University real estate market had 52 homes for sale in April 2024, a 67.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 11 | 20 | +81.8% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The University housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 14 | +366.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in University in April 2024, up by 366.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for University, CO
How long does it take to sell a home in University, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +35.2% |
Summary: Homes in University had an average of 25 days on market in Apr 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in University; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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