Is Teller County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Teller County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Teller County has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Teller County, CO

How much do homes in Teller County, CO cost?

Median Sold Price

$500,000

$291/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$170,000(+51.5%)

Key Takeaway

Homes in Teller County have sold for 51.5% more than they did a month ago.

Summary: The median home sold price in Teller County was $500,000 in April 2024, up 51.5% from last month, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$261K
N/A
2 $330K$419.5K
+27.1%
3 $400K$565K
+41.3%
4 -$715K
N/A
5+ --
N/A

Summary: Teller County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 41.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Teller County, CO

How many homes are available in Teller County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
164296+80.5%

Summary: The Teller County real estate market had 296 homes for sale in April 2024, a 80.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 813
+62.5%
2 2245
+104.5%
3 79137
+73.4%
4 4068
+70.0%
5+ 1533
+120.0%

Summary: The Teller County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 62.5%, 2 bedroom homes increased by 104.5%, 3 bedroom homes increased by 73.4%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
321+600.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Teller County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Teller County in April 2024, up by 600.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.

Days on Market for Teller County, CO

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

Average Sale Time

Mar 2024Apr 2024CHANGE
38 Days50 Days+32.3%

Summary: Homes in Teller County had an average of 50 days on market in Apr 2024, up by 32.3% compared to last month.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Teller County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 21 homes were sold in Teller County; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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 2 Days Ago

Newest Listings in Teller County, CO

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