Homestead's Market Report
Highlands Ranch, CO 80129
Single-Family Homes
www.homesteadtc.com | info@homesteadtc.com |
Highlands Ranch, CO 80129
Fri Apr 19 2024
This week the median list price for Highlands Ranch, CO 80129 is $760,750 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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
| Median List Price | $760,750 | |
| Median Price of New Listings | $725,000 | |
| Per Square Foot | $268 | |
| Average Days on Market | 42 | |
| Median Days on Market | 21 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 61 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,162,500 | 4,971 | 0.25 - 0.5 acre | 6 | 5 | 25 | 1 | 0 | 28 |
| $820,000 | 3,770 | 6,500 - 8,000 sqft | 4 | 2.8 | 26 | 2 | 0 | 7 |
| $725,000 | 2,420 | 4,500 - 6,500 sqft | 4 | 3.5 | 25 | 2 | 1 | 59 |
| $641,000 | 2,105 | 4,500 - 6,500 sqft | 4 | 3 | 26 | 2 | 1 | 10 |