Is Brighton, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brighton has remained a Seller's Market.
Housing Prices in Brighton, CO
How much do homes in Brighton, CO cost?
Median Sold Price
$525,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brighton was $525,000 in May 2024, up 3.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375K | $375K | 0.0% |
3 Bedrooms | $475K | $495K | +4.2% |
4 Bedrooms | $572.5K | $560K | -2.2% |
5+ Bedrooms | $654.9K | $690K | +5.4% |
Summary: Brighton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Brighton | $508.8K | $525K | +3.2% |
Lochbuie | $475K | $490K | +3.2% |
Fort Lupton | $445K | $445K | 0.0% |
Commerce City | $525K | $525K | 0.0% |
Keenesburg-Hudson | $475K | $470K | -1.1% |
Housing Supply in Brighton, CO
How many homes are available in Brighton, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
374 | 447 | +19.5% |
Summary: The Brighton real estate market had 447 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 159 | 186 | +17.0% |
4 Bedrooms | 132 | 151 | +14.4% |
5+ Bedrooms | 65 | 88 | +35.4% |
Summary: The Brighton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 35.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 102 | +27.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Brighton in May 2024, up by 27.5% month-over-month. Of the 102 sold homes, 29% were sold under asking, 38% were sold at asking, and 32% were sold over asking.
Days on Market for Brighton, CO
How long does it take to sell a home in Brighton, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 45 Days | +115.3% |
Summary: Homes in Brighton had an average of 45 days on market in May 2024, up by 115.3% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 102 homes were sold in Brighton; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.