8z Weekly Real Estate Market Insights

Erie, CO

Single-Family Homes

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Erie, CO

Thu Feb 06 2025
This week the median list price for Erie, CO is $850,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 123. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Erie, CO

Thu Feb 06 2025
This week the median list price for Erie, CO is $850,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 123. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Erie market.
Median List Price $850,000
Median Price of New Listings $759,975
Per Square Foot $287
Average Days on Market 83
Median Days on Market 49
Price Decreased 34%
Price Increased 23%
Relisted 8%
Inventory 123
Median Rent
Market Action 39
Slight Seller's Advantage

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
$1,312,750 3,980 8,000 - 10,000 sqft 5 4 6 3 2 66
$914,990 3,188 6,500 - 8,000 sqft 4 3.5 1 2 3 42
$789,000 2,967 6,500 - 8,000 sqft 4 3.3 3 6 3 70
$627,900 2,161 4,500 - 6,500 sqft 3 2.5 3 3 9 42