Is Black Forest-Peyton, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest-Peyton is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Black Forest-Peyton was a Seller's Market.

Key Takeaway

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

Housing Prices in Black Forest-Peyton, CO

How much do homes in Black Forest-Peyton, CO cost?

Median Sold Price

$703,333

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$46,666(-6.2%)

Key Takeaway

Homes in Black Forest-Peyton have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in Black Forest-Peyton was $703,333 in April 2024, down 6.2% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$455K
N/A
3 $526K$519K
-1.3%
4 $676K$702.5K
+3.9%
5+ $800K$802.5K
0.3%

Summary: Black Forest-Peyton 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 did not change, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Elsmere
+0.9%
Colorado Springs
-0.2%
Black Forest-Peyton
-6.2%

Housing Supply in Black Forest-Peyton, CO

How many homes are available in Black Forest-Peyton, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
380656+72.6%

Summary: The Black Forest-Peyton real estate market had 656 homes for sale in April 2024, a 72.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1017
+70.0%
3 77144
+87.0%
4 129226
+75.2%
5+ 164268
+63.4%

Summary: The Black Forest-Peyton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 87%, 4 bedroom homes increased by 75.2%, and 5+ bedroom homes increased by 63.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1649+206.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Forest-Peyton, expect to pay close to the asking price. 38.8% of homes here sold near the asking price last month.

Summary: A total of 49 homes were sold or pending in Black Forest-Peyton in April 2024, up by 206.3% month-over-month. Of the 49 sold homes, 35% were sold under asking, 39% were sold at asking, and 27% were sold over asking.

Days on Market for Black Forest-Peyton, CO

How long does it take to sell a home in Black Forest-Peyton, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days36 Days+19.6%

Summary: Homes in Black Forest-Peyton had an average of 36 days on market in Apr 2024, up by 19.6% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Forest-Peyton are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 49 homes were sold in Black Forest-Peyton; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% 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 16 Days Ago

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