Is Elsmere, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Elsmere was a Seller's Market.
Housing Prices in Elsmere, CO
How much do homes in Elsmere, CO cost?
Median Sold Price
$474,400
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elsmere was $474,400 in April 2024, up 0.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $390K | $355.2K | -8.9% |
3 Bedrooms | $430K | $435K | +1.2% |
4 Bedrooms | $497.5K | $545K | +9.5% |
5+ Bedrooms | $576.5K | $580K | +0.6% |
Summary: Elsmere 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 8.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Elsmere | $470K | $474.4K | +0.9% |
Colorado Springs | $475.8K | $475K | -0.2% |
Black Forest-Peyton | $750K | $703.3K | -6.2% |
Housing Supply in Elsmere, CO
How many homes are available in Elsmere, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
183 | 332 | +81.4% |
Summary: The Elsmere real estate market had 332 homes for sale in April 2024, a 81.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 30 | +66.7% |
3 Bedrooms | 88 | 150 | +70.5% |
4 Bedrooms | 55 | 95 | +72.7% |
5+ Bedrooms | 22 | 57 | +159.1% |
Summary: The Elsmere 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 66.7%, 3 bedroom homes increased by 70.5%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 159.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 26 | +225.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Elsmere in April 2024, up by 225.0% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Elsmere, CO
How long does it take to sell a home in Elsmere, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -19.4% |
Summary: Homes in Elsmere had an average of 27 days on market in Apr 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Elsmere; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.