Is East Adams, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Adams is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, East Adams was a Buyer's Market.

Key Takeaway

East Adams is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Adams, CO

How much do homes in East Adams, CO cost?

Median Sold Price

$465,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-3.1%)

Key Takeaway

Homes in East Adams have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in East Adams was $465,000 in May 2024, down 3.1% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $378K$630K
+66.7%
3 $463K$435K
-6.0%
4 $472.4K$530K
+12.2%
5+ $855K$770K
-9.9%

Summary: East Adams 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 increased by 66.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

East Arapahoe
-2.4%
East Adams
-3.1%
Bennett
-9.8%

Housing Supply in East Adams, CO

How many homes are available in East Adams, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
94103+9.6%

Summary: The East Adams real estate market had 103 homes for sale in May 2024, a 9.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 5961
+3.4%
4 2731
+14.8%
5+ 69
+50.0%

Summary: The East Adams 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 3.4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2335+52.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Adams, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in East Adams in May 2024, up by 52.2% month-over-month. Of the 35 sold homes, 34% were sold under asking, 29% were sold at asking, and 37% were sold over asking.

Days on Market for East Adams, CO

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

Average Sale Time

May 2023May 2024CHANGE
40 Days44 Days+10.4%

Summary: Homes in East Adams had an average of 44 days on market in May 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 35 homes were sold in East Adams; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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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