Is Black Forest, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Black Forest has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Black Forest, CO

How much do homes in Black Forest, CO cost?

Median Sold Price

$903,500

$305/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$46,500(-4.9%)

Key Takeaway

Homes in Black Forest have sold for 4.9% less than they did a month ago.

Summary: The median home sold price in Black Forest was $903,500 in May 2024, down 4.9% from last month, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $675K$765K
+13.3%
4 -$985K
N/A
5+ $1.6M$1.2M
-27.0%

Summary: Black Forest housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 27%.

Housing Supply in Black Forest, CO

How many homes are available in Black Forest, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
95130+36.8%

Summary: The Black Forest real estate market had 130 homes for sale in May 2024, a 36.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2124
+14.3%
4 3043
+43.3%
5+ 4361
+41.9%

Summary: The Black Forest 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes increased by 41.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Forest, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Black Forest in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Black Forest, CO

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

Average Sale Time

Apr 2024May 2024CHANGE
9 Days47 Days+427.8%

Summary: Homes in Black Forest had an average of 47 days on market in May 2024, up by 427.8% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Forest are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Black Forest; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 1 Day Ago

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