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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erie-Frederick is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

-$2,500(-0.4%)

Key Takeaway

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

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

# BEDSApr 2023Apr 2024CHANGE
1 $290K-
N/A
2 $390K$360K
-7.7%
3 $515K$524.5K
+1.8%
4 $650K$640K
-1.5%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Dacono
+5.4%
Firestone
+3.6%
Erie
0.0%
Erie-Frederick
-0.4%
Frederick
-4.4%

Housing Supply in Erie-Frederick, CO

How many homes are available in Erie-Frederick, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
273363+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1925
+31.6%
3 126151
+19.8%
4 73105
+43.8%
5+ 5582
+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 2024Apr 2024CHANGE
4886+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erie-Frederick, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
47 Days34 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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