Is University Park / Observatory Park, 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 Park / Observatory Park has remained a Seller's Market.
Housing Prices in University Park / Observatory Park, CO
How much do homes in University Park / Observatory Park, CO cost?
Median Sold Price
$1,670,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in University Park / Observatory Park was $1,670,000 in April 2024, down 9.7% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $400K | +6.7% |
2 Bedrooms | $550K | $812.5K | +47.7% |
3 Bedrooms | $838.2K | $679.5K | -18.9% |
4 Bedrooms | $1.4M | $1.6M | +11.4% |
5+ Bedrooms | $2.7M | $2.8M | +6.1% |
Summary: University Park / Observatory Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 47.7%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in University Park / Observatory Park, CO
How many homes are available in University Park / Observatory Park, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 45 | +60.7% |
Summary: The University Park / Observatory Park real estate market had 45 homes for sale in April 2024, a 60.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 12 | 20 | +66.7% |
Summary: The University Park / Observatory Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in University Park / Observatory Park in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for University Park / Observatory Park, CO
How long does it take to sell a home in University Park / Observatory Park, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 18 Days | -67.9% |
Summary: Homes in University Park / Observatory Park had an average of 18 days on market in Apr 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in University Park / Observatory Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.