Great NoCo Homes Market Update

Severance, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Severance, CO

Mon Oct 03 2022
This week the median list price for Severance, CO is $530,242 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 36. Click here to stay informed with the Severance market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Severance, CO

Mon Oct 03 2022
This week the median list price for Severance, CO is $530,242 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 36. Click here to stay informed with the Severance market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Severance market.
Median List Price $530,242
Median Price of New Listings $580,000
Per Square Foot $196
Average Days on Market 50
Median Days on Market 42
Price Decreased 53%
Price Increased 0%
Relisted 11%
Inventory 36
Median Rent
Market Action 49
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
$765,000 3,849 0.5 - 1 acre 4 4 8 3 4 49
$560,000 3,133 6,500 - 8,000 sqft 5 3 4 3 2 21
$515,000 2,638 6,500 - 8,000 sqft 4 3 2 0 2 28
$465,000 2,219 6,500 - 8,000 sqft 3 3 2 2 4 42