Is Timnath-Wellington, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Timnath-Wellington has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $423K | - | N/A |
2 Bedrooms | $386.5K | $340K | -12.0% |
3 Bedrooms | $503.8K | $502K | -0.4% |
4 Bedrooms | $672.5K | $718.5K | +6.9% |
5+ Bedrooms | $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 | $556.9K | $612.2K | +9.9% |
Fort Collins | $550K | $562K | +2.2% |
Timnath | $685K | $684.2K | -0.1% |
Wellington | $485K | $475K | -2.1% |
Carr | $525K | $510.3K | -2.8% |
Housing Supply in Timnath-Wellington, CO
How many homes are available in Timnath-Wellington, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
234 | 286 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 89 | 113 | +27.0% |
4 Bedrooms | 81 | 96 | +18.5% |
5+ Bedrooms | 47 | 53 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 58 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 49 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
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.