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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timnath-Wellington is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Timnath-Wellington, CO

How much do homes in Timnath-Wellington, CO cost?

Median Sold Price

$599,968

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,213(+4.6%)

Key Takeaway

Homes in Timnath-Wellington have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Timnath-Wellington was $599,968 in May 2024, up 4.6% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $423K-
N/A
2 $390.8K$364.9K
-6.6%
3 $508.4K$500K
-1.7%
4 $675K$718.5K
+6.5%
5+ $780K$820K
+5.1%

Summary: Timnath-Wellington 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 6.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Timnath-Wellington
+4.6%
Fort Collins
+2.7%
Wellington
-1.4%
Timnath
-3.8%
Carr
-4.6%

Housing Supply in Timnath-Wellington, CO

How many homes are available in Timnath-Wellington, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
285347+21.8%

Summary: The Timnath-Wellington real estate market had 347 homes for sale in May 2024, a 21.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2737
+37.0%
3 112132
+17.9%
4 97111
+14.4%
5+ 4966
+34.7%

Summary: The Timnath-Wellington 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 37%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 34.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6469+7.8%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timnath-Wellington, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Timnath-Wellington in May 2024, up by 7.8% month-over-month. Of the 69 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.

Days on Market for Timnath-Wellington, CO

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

Average Sale Time

May 2023May 2024CHANGE
80 Days60 Days-25.5%

Summary: Homes in Timnath-Wellington had an average of 60 days on market in May 2024, down by 25.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Timnath-Wellington has remained consistent over time.

Summary: During May 2024, 69 homes were sold in Timnath-Wellington; 35% of homes were sold within 30 days, 48% 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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