Kirk Wittig

Erie, CO

Single-Family Homes

Real Estate Consultant | Boulder County Realty | 720-339-1500



Erie, CO

Thu Sep 16 2021
This week the median list price for Erie, CO is $799,990 with the market action index hovering around 81. This is less than last month's market action index of 83. Inventory has decreased to 33. Click here to stay informed with the Erie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Erie, CO

Thu Sep 16 2021
This week the median list price for Erie, CO is $799,990 with the market action index hovering around 81. This is less than last month's market action index of 83. Inventory has decreased to 33. Click here to stay informed with the Erie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Erie market.
Median List Price $799,990
Median Price of New Listings $740,000
Per Square Foot $207
Average Days on Market 39
Median Days on Market 14
Price Decreased 33%
Price Increased 6%
Relisted 15%
Inventory 33
Median Rent $2,747
Market Action 81
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,412,000 5,509 0.25 - 0.5 acre 5 4 15 1 2 28
$879,225 4,222 8,000 - 10,000 sqft 4 4 1 1 1 17
$735,000 3,896 6,500 - 8,000 sqft 4 3 2 4 3 10
$620,000 3,561 4,500 - 6,500 sqft 3 2 4 3 4 21