Is Northeast Park Hill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Northeast Park Hill has remained a Seller's Market.
Key Takeaway
Northeast Park Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Park Hill, CO
How much do homes in Northeast Park Hill, CO cost?
Median Sold Price
$528,469
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northeast Park Hill have sold for 3% less than they did a year ago.
Summary: The median home sold price in Northeast Park Hill was $528,469 in May 2024, down 3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $285K | 0.0% |
| 2 Bedrooms | $490K | $401K | -18.2% |
| 3 Bedrooms | $522.5K | $565K | +8.1% |
| 4 Bedrooms | $577.5K | $605K | +4.8% |
| 5+ Bedrooms | $579.6K | $667.5K | +15.2% |
Summary: Northeast Park Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakland | $551K | $595K | +8.0% |
| Northeast Park Hill | $545K | $528.4K | -3.0% |
| Northeast Denver | $731K | $707.1K | -3.3% |
Housing Supply in Northeast Park Hill, CO
How many homes are available in Northeast Park Hill, CO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 42 | +40.0% |
Summary: The Northeast Park Hill real estate market had 42 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Northeast Park Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Park Hill, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Northeast Park Hill in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Northeast Park Hill, CO
How long does it take to sell a home in Northeast Park Hill, CO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +147.1% |
Summary: Homes in Northeast Park Hill had an average of 28 days on market in May 2024, up by 147.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Park Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Northeast Park Hill; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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