Is Erie-Frederick, 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, Erie-Frederick has remained a Seller's Market.
Housing Prices in Erie-Frederick, CO
How much do homes in Erie-Frederick, CO cost?
Median Sold Price
$597,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Erie-Frederick was $597,500 in April 2024, down 0.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | - | N/A |
2 Bedrooms | $390K | $360K | -7.7% |
3 Bedrooms | $515K | $524.5K | +1.8% |
4 Bedrooms | $650K | $640K | -1.5% |
5+ Bedrooms | $765K | $827K | +8.1% |
Summary: Erie-Frederick 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 7.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in Erie-Frederick, CO
How many homes are available in Erie-Frederick, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
273 | 363 | +33.0% |
Summary: The Erie-Frederick real estate market had 363 homes for sale in April 2024, a 33.0% 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 | 19 | 25 | +31.6% |
3 Bedrooms | 126 | 151 | +19.8% |
4 Bedrooms | 73 | 105 | +43.8% |
5+ Bedrooms | 55 | 82 | +49.1% |
Summary: The Erie-Frederick 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 31.6%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 49.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 86 | +79.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Erie-Frederick in April 2024, up by 79.2% month-over-month. Of the 86 sold homes, 42% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for Erie-Frederick, CO
How long does it take to sell a home in Erie-Frederick, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 34 Days | -28.2% |
Summary: Homes in Erie-Frederick had an average of 34 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 86 homes were sold in Erie-Frederick; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.