Kirk Wittig

Erie, CO

Single-Family Homes

Real Estate Consultant | eXp Realty | 720-339-1500



Erie, CO

Thu Mar 28 2024
This week the median list price for Erie, CO is $859,990 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 57. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Erie, CO

Thu Mar 28 2024
This week the median list price for Erie, CO is $859,990 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 57. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Erie market.
Median List Price $859,990
Median Price of New Listings $874,900
Per Square Foot $231
Average Days on Market 63
Median Days on Market 28
Price Decreased 28%
Price Increased 11%
Relisted 5%
Inventory 57
Median Rent
Market Action 55
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,368,884 4,593 8,000 - 10,000 sqft 4 4.5 6 2 4 42
$897,500 4,221 6,500 - 8,000 sqft 4 4 2 2 0 56
$831,200 3,754 4,500 - 6,500 sqft 4 3 4 0 5 31
$650,000 2,568 4,500 - 6,500 sqft 3 2.5 6 3 4 21