Is Severance, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Severance was a Seller's Market.
Housing Prices in Severance, CO
How much do homes in Severance, CO cost?
Median Sold Price
$475,706
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Severance was $475,706 in April 2024, down 8.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $395K | $395K | 0.0% |
3 Bedrooms | $476K | $455K | -4.4% |
4 Bedrooms | $528K | $500K | -5.3% |
5+ Bedrooms | $610K | $563.4K | -7.6% |
Summary: Severance 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 did not change, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in Severance, CO
How many homes are available in Severance, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 110 | +11.1% |
Summary: The Severance real estate market had 110 homes for sale in April 2024, a 11.1% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 48 | 45 | -6.3% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Severance 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 18 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Severance in April 2024, down by 33.3% month-over-month. Of the 18 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Severance, CO
How long does it take to sell a home in Severance, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 73 Days | +52.9% |
Summary: Homes in Severance had an average of 73 days on market in Apr 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Severance; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.