Is Erie-Frederick, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Erie-Frederick has remained a Seller's Market.
Housing Prices in Erie-Frederick, CO
How much do homes in Erie-Frederick, CO cost?
Median Sold Price
$599,600
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Erie-Frederick was $599,600 in May 2024, down 0.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | - | N/A |
2 Bedrooms | $390K | $360K | -7.7% |
3 Bedrooms | $515K | $524.7K | +1.9% |
4 Bedrooms | $662.9K | $632.5K | -4.6% |
5+ Bedrooms | $752.5K | $818K | +8.7% |
Summary: Erie-Frederick 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 7.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Erie-Frederick, CO
How many homes are available in Erie-Frederick, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
391 | 479 | +22.5% |
Summary: The Erie-Frederick real estate market had 479 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 40 | +73.9% |
3 Bedrooms | 160 | 176 | +10.0% |
4 Bedrooms | 119 | 143 | +20.2% |
5+ Bedrooms | 89 | 119 | +33.7% |
Summary: The Erie-Frederick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 73.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 33.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 99 | +12.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Erie-Frederick in May 2024, up by 12.5% month-over-month. Of the 99 sold homes, 36% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Erie-Frederick, CO
How long does it take to sell a home in Erie-Frederick, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 44 Days | +24.1% |
Summary: Homes in Erie-Frederick had an average of 44 days on market in May 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 99 homes were sold in Erie-Frederick; 47% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.