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Featured local agent — Black Hawk, CO
Sarah Mitchell
Compass Real Estate · Black Hawk, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Black Hawk, CO Housing Market
The last median sale price Redfin published was $535,000, -28.7% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 61 days, Black Hawk is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $535,000 home is about $2,750/mo in principal and interest.
Key numbers for Black Hawk, CO
Median sale price
$535,000
-28.7% year over year
Redfin, through August 2025
Days on market
61
Slow-moving
Redfin, through August 2025
Active listings
2
2.0 months of supply
Redfin, through August 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$112,727
Home costs 4.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.3%
Selling below asking
Redfin, through August 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Black Hawk a buyer's or seller's market?
Black Hawk, CO is a balanced market, based on 2.0 months of supply and homes selling in about 61 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Black Hawk housing market data show?
Every row below is Redfin's final published month for Black Hawk, CO. Redfin, through August 2025
| Metric | Value |
|---|---|
| Median sale price | $535,000 |
| Year-over-year price change | -28.7% |
| Median price per sq ft | $382/sq ft |
| Median days on market | 61 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 97.3% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Black Hawk is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Black Hawk is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Black Hawk home prices moved?
Across the 33 months we hold for Black Hawk, CO, the median sale price fell 18.9%, from $660,000 in April 2021 to $535,000. 50.0% of Black Hawk listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 97.3%. Watch those two together — they move before the median does.
Redfin, through August 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Black Hawk?
Priced off the median sale price of $535,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $107,000 | $428,000 | $2,750/mo |
| 5% | $26,750 | $508,250 | $3,266/mo |
Redfin, through August 2025 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,750, that implies roughly $117,876 a year before you add taxes and insurance. The median household in Black Hawk earns $112,727, about $5,149 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 4.7x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Black Hawk in the next 12 months?
Tell us your timeline. We send the Black Hawk market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Black Hawk?
Zillow does not publish a rent index (ZORI) for Black Hawk, CO, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Black Hawk?
Active listings in Black Hawk, CO went from 1 in April 2023 to 2 in August 2025, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2023 | 1 | 1 |
| October 2023 | 1 | not published |
| November 2023 | 2 | 1 |
| January 2024 | 1 | 1 |
| April 2024 | 2 | 2 |
| June 2024 | 3 | 1 |
| July 2024 | 3 | 1 |
| August 2024 | 2 | not published |
| October 2024 | 2 | 1 |
| November 2024 | 1 | not published |
| July 2025 | 2 | not published |
| August 2025 | 2 | not published |
Redfin, through August 2025
How does Black Hawk compare to Colorado and the U.S.?
Black Hawk homes sell for $535,000 — 13% below the Colorado median of $617,000. Against the national median of $410,700, Black Hawk runs 30% higher. Year-over-year, Black Hawk moved -28.7% against Colorado's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Black Hawk, CO | $535,000 | -28.7% | 61 days |
| Colorado statewide | $617,000 | +1.3% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through August 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Black Hawk
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $516 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $535,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Black Hawk listing goes under contract in 61 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Black Hawk varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Black Hawk
There are currently 2 homes listed for sale in Black Hawk, Colorado.
Active listings
2
Homes on market
Avg. days on market
61
Days until sale
How much do homes cost in Black Hawk by property type?
How the Black Hawk, CO market breaks down across single-family homes, condos and townhouses. Redfin, through August 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,000 | $382/sq ft | 1 | 61 days |
Who lives in Black Hawk?
American Community Survey estimates for Black Hawk. U.S. Census ACS, 2023
Population
156
Households
74
Median income
$112,727/yr
Median age
58.8 years
Owner-occupied
62.2%
Median home value
$486,700
Median gross rent
$1,813/mo
Mean commute
25 min
62.2% of occupied homes in Black Hawk are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Black Hawk?
2 schools tracked · 390 students
The largest public schools serving Black Hawk, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gilpin County Undivided High School
Grades 6-12 · 204 students
Gilpin County Elementary School
Grades PK-5 · 186 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Black Hawk, CO?
Ordered by distance from Black Hawk, not by size. Compare Black Hawk side by side with any of them.
Black Hawk housing market FAQ
Is Black Hawk a buyer's or seller's market?
Black Hawk, CO is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 61 days, and sellers getting 97.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Black Hawk?
The median sale price in the last month Redfin published was $535,000, about $382 per square foot.
Is Black Hawk cheaper than the rest of Colorado?
Black Hawk's median sale price of $535,000 is 13% lower than the Colorado statewide median of $617,000, and 30% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Black Hawk?
Homes in Black Hawk, CO spent a median of 61 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Black Hawk?
At the current 30-year fixed rate of 6.66%, 20% down on a $535,000 home is about $2,750 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $117,876 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $112,727.
Are home prices rising in Black Hawk?
Redfin's last published year-over-year change for Black Hawk, CO was -28.7%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Black Hawk?
Black Hawk ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Black Hawk?
That depends on your timeline, not on a headline. What the data says today: Black Hawk, CO is a balanced market with 2.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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