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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Platteville is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Platteville was a Seller's Market.

Key Takeaway

Platteville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Platteville, CO

How much do homes in Platteville, CO cost?

Median Sold Price

$465,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$44,000(-8.6%)

Key Takeaway

Homes in Platteville have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Platteville was $465,000 in April 2024, down 8.6% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $380K$335K
-11.8%
3 $452K$440K
-2.7%
4 $529K$774.5K
+46.4%
5+ $697.5K$847K
+21.4%

Summary: Platteville 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 11.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes increased by 21.4%.

Housing Supply in Platteville, CO

How many homes are available in Platteville, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1619+18.8%

Summary: The Platteville real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 45
+25.0%
4 46
+50.0%
5+ 56
+20.0%

Summary: The Platteville 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 decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Platteville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Platteville in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Platteville, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days66 Days-14.3%

Summary: Homes in Platteville had an average of 66 days on market in Apr 2024, down by 14.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Platteville has remained consistent over time.

Summary: During April 2024, 2 homes were sold in Platteville; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

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