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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Erie, CO

How much do homes in Erie, CO cost?

Median Sold Price

$735,000

$282/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Erie has remained the same since last year.

Summary: The median home sold price in Erie was $735,000 in April 2024, the same as last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $408.7K$370K
-9.5%
3 $650K$647K
-0.5%
4 $774.5K$750K
-3.2%
5+ $935K$941.5K
+0.7%

Summary: Erie 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 9.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

Dacono
+5.4%
Lafayette
+0.9%
Erie
0.0%
Erie-Frederick
-0.4%
Frederick
-4.4%

Housing Supply in Erie, CO

How many homes are available in Erie, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
162218+34.6%

Summary: The Erie real estate market had 218 homes for sale in April 2024, a 34.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1620
+25.0%
3 5675
+33.9%
4 5468
+25.9%
5+ 3655
+52.8%

Summary: The Erie 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 25%, 3 bedroom homes increased by 33.9%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 52.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4142+2.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Erie in April 2024, up by 2.4% month-over-month. Of the 42 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.

Days on Market for Erie, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
55 Days40 Days-28.0%

Summary: Homes in Erie had an average of 40 days on market in Apr 2024, down by 28% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 42 homes were sold in Erie; 52% of homes were sold within 30 days, 33% 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 2 Days Ago

Newest Listings in Erie, CO

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