Is Timnath-Wellington, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath-Wellington is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Timnath-Wellington has remained a Seller's Market.

Key Takeaway

Timnath-Wellington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Timnath-Wellington, CO

How much do homes in Timnath-Wellington, CO cost?

Median Sold Price

$612,250

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$55,333(+9.9%)

Key Takeaway

Homes in Timnath-Wellington have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Timnath-Wellington was $612,250 in April 2024, up 9.9% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $423K-
N/A
2 $386.5K$340K
-12.0%
3 $503.8K$502K
-0.4%
4 $672.5K$718.5K
+6.9%
5+ $752.5K$845K
+12.3%

Summary: Timnath-Wellington 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 12%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Timnath-Wellington
+9.9%
Fort Collins
+2.2%
Timnath
-0.1%
Wellington
-2.1%
Carr
-2.8%

Housing Supply in Timnath-Wellington, CO

How many homes are available in Timnath-Wellington, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
234286+22.2%

Summary: The Timnath-Wellington real estate market had 286 homes for sale in April 2024, a 22.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1724
+41.2%
3 89113
+27.0%
4 8196
+18.5%
5+ 4753
+12.8%

Summary: The Timnath-Wellington 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 41.2%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 12.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4758+23.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath-Wellington, expect to pay close to the asking price. 48.3% of homes here sold near the asking price last month.

Summary: A total of 58 homes were sold or pending in Timnath-Wellington in April 2024, up by 23.4% month-over-month. Of the 58 sold homes, 34% were sold under asking, 48% were sold at asking, and 17% were sold over asking.

Days on Market for Timnath-Wellington, CO

How long does it take to sell a home in Timnath-Wellington, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
88 Days49 Days-44.2%

Summary: Homes in Timnath-Wellington had an average of 49 days on market in Apr 2024, down by 44.2% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Timnath-Wellington has remained consistent over time.

Summary: During April 2024, 58 homes were sold in Timnath-Wellington; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 12% 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 16 Days Ago

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