Is Elbert County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elbert County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Elbert County has remained a Seller's Market.

Key Takeaway

Elbert County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elbert County, CO

How much do homes in Elbert County, CO cost?

Median Sold Price

$643,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$62,000(-8.8%)

Key Takeaway

Homes in Elbert County have sold for 8.8% less than they did a year ago.

Summary: The median home sold price in Elbert County was $643,000 in April 2024, down 8.8% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$296K
N/A
2 $390K$459K
+17.7%
3 $589.9K$542.5K
-8.0%
4 $705K$650K
-7.8%
5+ $900K$847.5K
-5.8%

Summary: Elbert County 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 17.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Counties

Arapahoe County
-0.5%
Douglas County
-1.5%
Elbert County
-8.8%

Housing Supply in Elbert County, CO

How many homes are available in Elbert County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93140+50.5%

Summary: The Elbert County real estate market had 140 homes for sale in April 2024, a 50.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 44
0.0%
3 3246
+43.8%
4 3051
+70.0%
5+ 2638
+46.2%

Summary: The Elbert County 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 remained the same, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
629+383.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elbert County, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Elbert County in April 2024, up by 383.3% month-over-month. Of the 29 sold homes, 48% were sold under asking, 34% were sold at asking, and 17% were sold over asking.

Days on Market for Elbert County, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
62 Days66 Days+7.7%

Summary: Homes in Elbert County had an average of 66 days on market in Apr 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elbert County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 29 homes were sold in Elbert County; 48% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 31% 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

Newest Listings in Elbert County, CO

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