Is Timnath, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Timnath has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Timnath, CO

How much do homes in Timnath, CO cost?

Median Sold Price

$661,500

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$26,000(-3.8%)

Key Takeaway

Homes in Timnath have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Timnath was $661,500 in May 2024, down 3.8% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $447K$381.5K
-14.7%
3 $596K$554.4K
-7.0%
4 $745.5K$740K
-0.7%
5+ $840K$780K
-7.1%

Summary: Timnath 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 14.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Windsor
+5.8%
Timnath-Wellington
+4.6%
Fort Collins
+2.7%
Timnath
-3.8%

Housing Supply in Timnath, CO

How many homes are available in Timnath, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118128+8.5%

Summary: The Timnath real estate market had 128 homes for sale in May 2024, a 8.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1016
+60.0%
3 5254
+3.8%
4 3536
+2.9%
5+ 2122
+4.8%

Summary: The Timnath 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 60%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3329-12.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Timnath in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for Timnath, CO

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

Average Sale Time

May 2023May 2024CHANGE
92 Days50 Days-45.9%

Summary: Homes in Timnath had an average of 50 days on market in May 2024, down by 45.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 29 homes were sold in Timnath; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% 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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