Search Central Colorado homes for sale with expert, Julie Kersting.
The Central Colorado housing market is moderately competitive. Last month, the median home sale price reached $438K, reflecting a significant 24.1% increase from the previous year. However, the median price per square foot declined by 5.1%, now standing at $244. This suggests that while overall home prices are rising, buyers may be securing larger properties or negotiating better deals on a per-square-foot basis.
Median Sale Price
Median Sale Price per Sq. Ft.
Days on Market
Total Homes Sold
The Central Colorado housing market has seen significant changes over the past year. The median home sale price surged to $438K, marking a 24.1% increase from last year, while the median price per square foot dropped by 5.1% to $244. On average, homes are selling for 3.5% below the listing price and spending about 63.5 days on the market, indicating a more balanced market with room for negotiation. With a standard 20% down payment, buyers are still actively purchasing homes, as reflected in the 10 total sales last month. This mix of rising overall prices, longer market times, and declining price per square foot suggests that while demand remains strong, buyers may have more leverage in negotiations.
The Central Colorado housing market is moderately competitive, with homes typically selling in about 63.5 days. While some properties attract multiple offers, the average home sells for approximately 4% below the listing price and goes pending within 64 days. However, highly desirable properties—often referred to as "hot homes"—can sell closer to the asking price and go under contract in as little as 30 days, reflecting strong demand in certain segments of the market.
As of December 2024, Central Colorado is experiencing a buyer’s market, meaning there are more homes available than there are buyers. This gives buyers greater negotiating power, often leading to lower prices, longer days on the market, and increased inventory. Sellers may need to adjust their pricing strategies or offer incentives to attract buyers in this more competitive environment.
Whether you're searching for your dream home or an investment property in Central Colorado, Julie is here to help. With expert market insights and a commitment to finding the right property for you, she’ll make the buying process smooth and stress-free. Have questions or ready to start your search? Reach out to Julie today!
Thinking about making Central Colorado your home? Our neighborhood guide has everything you need to know, from the best places to live to local amenities, schools, and market trends. Whether you're searching for your dream home or just exploring the area, dive into our guide and find the perfect community for you!
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