Is Cotopaxi, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cotopaxi is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Cotopaxi was a Neutral Market.

Key Takeaway

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

Housing Prices in Cotopaxi, CO

How much do homes in Cotopaxi, CO cost?

Median Sold Price

$465,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$87,500(-15.8%)

Key Takeaway

Homes in Cotopaxi have sold for 15.8% less than they did a year ago.

Summary: The median home sold price in Cotopaxi was $465,000 in May 2024, down 15.8% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $450K$449K
-0.2%
3 $552.5K$522K
-5.5%
4 $725K$675K
-6.9%
5+ $665K$755K
+13.5%

Summary: Cotopaxi 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 0.2%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 13.5%.

Housing Supply in Cotopaxi, CO

How many homes are available in Cotopaxi, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5366+24.5%

Summary: The Cotopaxi real estate market had 66 homes for sale in May 2024, a 24.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 1212
0.0%
3 2531
+24.0%
4 712
+71.4%
5+ 68
+33.3%

Summary: The Cotopaxi 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 remained the same, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cotopaxi, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cotopaxi in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cotopaxi, CO

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

Average Sale Time

May 2023May 2024CHANGE
26 Days144 Days+453.8%

Summary: Homes in Cotopaxi had an average of 144 days on market in May 2024, up by 453.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cotopaxi are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Cotopaxi; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 4 Days Ago

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