Is Lone Tree, 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, Lone Tree has remained a Seller's Market.
Key Takeaway
Lone Tree is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lone Tree, CO
How much do homes in Lone Tree, CO cost?
Median Sold Price
$840,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lone Tree have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Lone Tree was $840,000 in April 2024, up 1.3% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.5K | $361K | -1.2% |
| 2 Bedrooms | $569K | $575K | +1.1% |
| 3 Bedrooms | $705K | $735K | +4.3% |
| 4 Bedrooms | $1.0M | $800K | -20.0% |
| 5+ Bedrooms | $1.5M | $1.2M | -16.4% |
Summary: Lone Tree housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Southwest Arapahoe | $662K | $697.4K | +5.3% |
| Lone Tree | $829K | $840K | +1.3% |
| Centennial | $667.2K | $675K | +1.2% |
| Sedalia | $769.2K | $775.5K | +0.8% |
| Littleton | $671.9K | $669.6K | -0.3% |
Housing Supply in Lone Tree, CO
How many homes are available in Lone Tree, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 70 | +48.9% |
Summary: The Lone Tree real estate market had 70 homes for sale in April 2024, a 48.9% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 16 | 28 | +75.0% |
Summary: The Lone Tree 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 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 22 | +175.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lone Tree, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Lone Tree in April 2024, up by 175.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Lone Tree, CO
How long does it take to sell a home in Lone Tree, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +20.3% |
Summary: Homes in Lone Tree had an average of 22 days on market in Apr 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lone Tree are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Lone Tree; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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