Great NoCo Homes Market Update

Timnath, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Timnath, CO

Thu Feb 29 2024
This week the median list price for Timnath, CO is $694,665 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 48. Click here to stay informed with the Timnath market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Timnath, CO

Thu Feb 29 2024
This week the median list price for Timnath, CO is $694,665 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 48. Click here to stay informed with the Timnath market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Timnath market.
Median List Price $694,665
Median Price of New Listings $710,000
Per Square Foot $215
Average Days on Market 76
Median Days on Market 28
Price Decreased 40%
Price Increased 10%
Relisted 10%
Inventory 48
Median Rent
Market Action 36
Slight Seller's Advantage

The market is 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
$1,287,000 5,009 0.25 - 0.5 acre 4 3.8 2 2 0 52
$922,500 4,162 8,000 - 10,000 sqft 4 3.5 2 1 2 45
$663,105 3,512 4,500 - 6,500 sqft 4 2.8 1 1 2 28
$577,620 2,837 4,500 - 6,500 sqft 3 2.5 1 1 0 21