Penrose, CO Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Penrose, CO is $522,500, up 34.0% year-over-year. Homes sell in an average of 188 days with 18 active listings. The market is currently a leaning buyer's.
$522,500median sale price
Is Penrose a buyer's or seller's market?
Penrose, CO is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 188 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
188
Average pace
Active listings
18
4.5 months supply
Sale-to-list
97.3%
Below asking
Penrose, CO market data
| Metric | Value |
|---|---|
| Median sale price | $522,500 |
| Median list price | $439,900 |
| Year-over-year price change | +34.0% |
| Average days on market | 188 days |
| Active inventory | 18 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 97.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Penrose housing market is currently classified as a leaning buyer's with a median sale price of $522,500. Prices have risen 34.0% compared to last year, with homes spending an average of 188 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Penrose
There are currently 18 homes listed for sale in Penrose, Colorado. The median listing price is $440K.
Active listings
18
Homes on market
Median list price
$440K
Avg. days on market
188
Days until sale
New this week
7
Newly listed
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Frequently asked questions
What is the average home price in Penrose?
The median home sale price in Penrose is $522,500, up 34.0% from last year.
How long do homes stay on market in Penrose?
Homes typically spend 188 days on market before going under contract.
Is Penrose a buyer's or seller's market?
With 4.5 months of supply, Penrose is currently a leaning buyer's.
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