Is Briargate Area, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Briargate Area was a Seller's Market.
Housing Prices in Briargate Area, CO
How much do homes in Briargate Area, CO cost?
Median Sold Price
$640,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Briargate Area was $640,000 in May 2024, up 2.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $270K | N/A |
2 Bedrooms | $372.3K | $339.9K | -8.7% |
3 Bedrooms | $450K | $454.9K | +1.1% |
4 Bedrooms | $685K | $653K | -4.7% |
5+ Bedrooms | $641.2K | $746.2K | +16.4% |
Summary: Briargate Area housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Briargate Area, CO
How many homes are available in Briargate Area, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
221 | 327 | +48.0% |
Summary: The Briargate Area real estate market had 327 homes for sale in May 2024, a 48.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 53 | 73 | +37.7% |
4 Bedrooms | 88 | 136 | +54.5% |
5+ Bedrooms | 65 | 96 | +47.7% |
Summary: The Briargate Area housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 47.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Briargate Area in May 2024, up by 14.3% month-over-month. Of the 32 sold homes, 22% were sold under asking, 50% were sold at asking, and 28% were sold over asking.
Days on Market for Briargate Area, CO
How long does it take to sell a home in Briargate Area, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 25 Days | +26.8% |
Summary: Homes in Briargate Area had an average of 25 days on market in May 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Briargate Area; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.