Black Forest, CO Real Estate & Homes for Sale

In Black Forest, the median home sale price reached $972K, marking a significant 14.4% increase compared to last year. The median price per square foot also rose sharply to $277, a 17.4% year-over-year increase, reflecting rising property values in the area. On average, homes sold for about 1.8% below their list price, indicating some room for negotiation. Properties spent an average of 58 days on the market, showcasing a moderate pace of sales. Buyers typically made a 20.0% down payment, and 26 homes were sold during this period, highlighting steady activity in the market despite rising prices. This data suggests a competitive market with growing demand and upward pressure on home values.

The Black Forest housing market is moderately competitive, with homes typically selling within 58 days. While some properties attract multiple offers, the average home sells for about 2% below the list price and goes pending in approximately 58 days. However, "hot" homes stand out by selling at or near the list price and going pending in as little as 22 days, reflecting strong interest in desirable properties.

In October 2024, Black Forest, CO, was a balanced market, indicating that the supply of homes for sale and the demand from buyers were roughly equal. This equilibrium suggests a stable environment where neither buyers nor sellers have a distinct advantage, fostering fair market conditions for both parties.