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.
Key Takeaway
Briargate Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Briargate Area have sold for 2.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Briargate Area, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
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
Key Takeaway
Many homes in Briargate Area are selling fast, if you're buying plan to act quickly.
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.
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