Is Water Valley, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Water Valley is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Water Valley was a Seller's Market.

Key Takeaway

Water Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Water Valley, CO

How much do homes in Water Valley, CO cost?

Median Sold Price

$630,000

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$8,500(-1.3%)

Key Takeaway

Homes in Water Valley have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Water Valley was $630,000 in April 2024, down 1.3% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $440.4K$350K
-20.5%
3 $645K$627.5K
-2.7%
4 $635K$750K
+18.1%
5+ $925K$755K
-18.4%

Summary: Water Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 18.4%.

Housing Supply in Water Valley, CO

How many homes are available in Water Valley, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3137+19.4%

Summary: The Water Valley real estate market had 37 homes for sale in April 2024, a 19.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 812
+50.0%
4 1414
0.0%
5+ 55
0.0%

Summary: The Water Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Water Valley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Water Valley in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Water Valley, CO

How long does it take to sell a home in Water Valley, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
70 Days34 Days-51.3%

Summary: Homes in Water Valley had an average of 34 days on market in Apr 2024, down by 51.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Water Valley has remained consistent over time.

Summary: During April 2024, 6 homes were sold in Water Valley; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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