Is Berthoud, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berthoud is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Berthoud is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Berthoud, CO

How much do homes in Berthoud, CO cost?

Median Sold Price

$585,000

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$15,000(-2.5%)

Key Takeaway

Homes in Berthoud have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Berthoud was $585,000 in April 2024, down 2.5% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $382.5K$420.4K
+9.9%
3 $549.9K$512K
-6.9%
4 $667.5K$625K
-6.4%
5+ $842.5K$798.9K
-5.2%

Summary: Berthoud 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 increased by 9.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+4.8%
Berthoud
-0.5%
Johnstown
-1.5%
Berthoud
-2.5%
Johnstown
-2.6%

Housing Supply in Berthoud, CO

How many homes are available in Berthoud, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
133165+24.1%

Summary: The Berthoud real estate market had 165 homes for sale in April 2024, a 24.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 5974
+25.4%
4 3038
+26.7%
5+ 3037
+23.3%

Summary: The Berthoud 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 14.3%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 23.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berthoud, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Berthoud in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 35% were sold at asking, and 17% were sold over asking.

Days on Market for Berthoud, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
95 Days119 Days+25.7%

Summary: Homes in Berthoud had an average of 119 days on market in Apr 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Berthoud are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 23 homes were sold in Berthoud; 35% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 43% 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 Apr 1, 2024

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