Is Cotopaxi, 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, Cotopaxi was a Neutral Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $450K | $449K | -0.2% |
3 Bedrooms | $552.5K | $522K | -5.5% |
4 Bedrooms | $725K | $675K | -6.9% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
53 | 66 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 6 | 8 | +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 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 144 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
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.