Is Elbert County, 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, Elbert County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $296K | N/A |
2 Bedrooms | $390K | $459K | +17.7% |
3 Bedrooms | $589.9K | $542.5K | -8.0% |
4 Bedrooms | $705K | $650K | -7.8% |
5+ Bedrooms | $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 | $548.6K | $545.7K | -0.5% |
Douglas County | $730K | $718.8K | -1.5% |
Elbert County | $705K | $643K | -8.8% |
Housing Supply in Elbert County, CO
How many homes are available in Elbert County, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 140 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 32 | 46 | +43.8% |
4 Bedrooms | 30 | 51 | +70.0% |
5+ Bedrooms | 26 | 38 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 29 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 66 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
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.