The Colorado housing market has been in a state of flux over the past few years due to the surge in demand for homes. Right now, the real estate market in Colorado is a buyer’s market. Generally, the current median home value of the state is $377,5002.
In March 2023, home prices in Colorado were down 4.1% compared to last year, selling for a median price.
Here are some resources that can help you learn more about the Colorado real estate market:
- Top 5 Best Real Estate Investment Markets in Colorado
- Market Trends – Colorado Association of REALTORS
- Regional and Statewide Statistics – Colorado Association of REALTORS
The Fort Collins real estate market is a prime example of where many subsequent markets hope to be in the near future. Real estate in Fort Collins will continue to be strong for the foreseeable future. Located 65 miles north of Denver, the Fort Collins real estate market has piggybacked off the Mile High City’s recent success.
Realtor.com’s data shows that the median listing home price in Fort Collins, CO was $575K in February 2023, with a year-over-year increase of 12.7%. The median sale price of a home in Fort Collins was $540K last month, down 1.8% since last year⁴. The median sale price per square foot in Fort Collins is $259, down 2.8% since last year.
Fort Collins real estate investing should benefit from the many positive economic indicators in the area. Homes in Fort Collins receive 3 offers on average and sell in around 40.5 days.