First American Market Report

Erie, CO

Single-Family Homes

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Erie, CO

Sun Jul 12 2020
This week the median list price for Erie, CO is $599,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 90. 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.

Slight Seller's Advantage

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.

Erie, CO

Sun Jul 12 2020
This week the median list price for Erie, CO is $599,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 90. 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.

Slight Seller's Advantage

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 Erie market.
Median List Price $599,500
Per Square Foot $159
Days on Market 67
Price Decreased 31%
Price Increased 4%
Relisted 9%
Inventory 90
Median Rent $2,550
Most Expensive $2,196,000
Least Expensive $340,000
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$949,950 5,451 0.25 - 0.5 acre 5 3 4 3 3 114
$649,999 4,140 8,000 - 10,000 sqft 4 3 9 3 5 43
$565,000 3,922 6,500 - 8,000 sqft 4 3 13 2 5 57
$479,900 3,003 4,500 - 6,500 sqft 4 2 17 1 3 51