Real Estate Highlights: Pueblo, CO’s Balanced Market and Top Schools

The real estate market in Pueblo, CO is showing signs of stability with a balanced market and top-rated schools. In July 2023, the median listing home price increased by 2% year over year to $305K, while the median listing price per square foot was $166. Homes were selling for close to the asking price on average, with a sale-to-list price ratio of 100%. Pueblo, CO offers an abundance of amenities and popular neighborhoods such as Bessemer and Northside. Additionally, the city is known for its good public schools, providing quality education to residents.

Median Listing Home Price in July 2023: $305K, Up 2% YoY

The median listing home price in Pueblo, CO in July 2023 is $305K, showing a 2% year-over-year increase. This rise in price can be attributed to several factors. Firstly, the strong demand for housing in Pueblo has been driving prices up. The city’s balanced market indicates that the supply of homes is roughly equal to the demand, which puts upward pressure on prices. Additionally, Pueblo’s proximity to larger cities like Denver and Colorado Springs has made it an attractive location for buyers looking for more affordable housing options. Comparing Pueblo’s median listing home price to neighboring cities, it is generally lower than in Denver and Colorado Springs. However, it is important to consider other factors such as amenities, school quality, and overall cost of living when making a decision about buying a home in Pueblo.

Median Listing Price per Square Foot: $166

In July 2023, the median listing home price per square foot in Pueblo, CO was $166. This metric provides valuable insight into the listing price trends in the area. It indicates the average price that sellers are asking for their homes based on their size. Comparing the listing price per square foot to the median home sold price of $260K, it is evident that there is a difference between what sellers are asking for and what buyers are willing to pay. This suggests that negotiations may occur between buyers and sellers to reach a mutually agreed-upon price. By considering the listing price per square foot and comparing it to the sold prices, potential buyers and sellers can better understand the market dynamics in Pueblo, CO and make informed decisions.

Median Home Sold Price: $260K

The median home sold price in July 2023 was $260K, indicating the average price at which homes were purchased in Pueblo, CO. This figure has implications for the local real estate market and can be influenced by various factors. Factors affecting the median home sold price include supply and demand dynamics, economic conditions, and the overall state of the housing market in Pueblo, CO. When supply exceeds demand, it can put downward pressure on prices, while a shortage of available homes can drive prices up. Economic factors, such as job growth and income levels, also play a role in determining the median home sold price. Additionally, the condition and location of properties can impact their selling prices. Overall, understanding the factors that affect the median home sold price is crucial for buyers, sellers, and industry professionals in Pueblo, CO.

Sale-to-List Price Ratio: 100

The sale-to-list price ratio in Pueblo, CO stands at 100%, indicating that homes are selling for the full asking price on average. This ratio is a reflection of the strong demand for homes in Pueblo and suggests that sellers are able to achieve their desired prices. Factors affecting the sale-to-list price ratio in Pueblo, CO include the overall balance of the housing market and the supply and demand dynamics. Comparing the sale-to-list price ratios in Pueblo, CO with other cities in the region would provide further insight into the competitiveness of the market and the pricing strategies of sellers. It is worth noting that a sale-to-list price ratio of 100% is relatively rare and indicates a market where buyers are willing to meet the asking price set by sellers.

Average Days on Market: 41

Homebuyers in Pueblo, CO can expect homes to sell after an average of 41 days on the market. This metric, known as the average days on market, is an important factor to consider when buying or selling a home. The average days on market can impact both buyers and sellers. For buyers, a shorter average days on market means that homes are selling quickly, indicating a competitive market. On the other hand, for sellers, a longer average days on market may suggest that it could take longer to sell their property. Several factors can affect the average days on market, including the state of the local economy, housing inventory, and buyer demand. It is important for both buyers and sellers to understand these factors when navigating the real estate market in Pueblo, CO.

Pueblo, CO’s Balanced Housing Market

Pueblo, CO experiences a balance between the supply and demand of homes in the current housing market. This balanced market has a significant impact on real estate investors in the area. With supply and demand being relatively equal, investors have the opportunity to make informed decisions without facing intense competition or excessive inventory. Factors contributing to this balanced market in Pueblo, CO include steady population growth, a strong local economy, and affordable housing options. The steady population growth ensures a consistent demand for housing, while the strong local economy provides stability and job opportunities for residents. Additionally, the availability of affordable housing options attracts buyers and investors alike. Overall, Pueblo, CO’s balanced housing market presents a favorable environment for real estate investors looking for stability and potential returns on their investments.

Top-Rated Public Schools in Pueblo, CO

Moving on from the discussion of Pueblo, CO’s balanced housing market, let’s now explore the top-rated public schools in the area and their performance indicators. Pueblo, CO is home to several public schools that have been rated as good and higher by GreatSchools. These ratings are based on a variety of school quality indicators, including test scores, college readiness, and equity data. It is important to note that the information provided by GreatSchools is intended for reference only. However, school quality is known to have an impact on the real estate market. Many homebuyers prioritize living in areas with good schools, as it is often seen as an indicator of a desirable neighborhood. Therefore, the presence of top-rated public schools in Pueblo, CO may positively influence the local real estate market.

GreatSchools Rating and School Quality Indicators

The presence of top-rated public schools in Pueblo, CO positively influences the local real estate market. The GreatSchools rating impact and the importance of school quality indicators play a significant role in homebuyers’ decisions. Homebuyers often prioritize living in areas with reputable schools, as it directly affects the education and future prospects of their children. Schools with high GreatSchools ratings indicate strong performance in various school quality indicators, such as test scores, college readiness, and equity data. These indicators provide valuable insights into the overall quality of education offered by the schools. With the assurance of good schools in the vicinity, families are more likely to invest in real estate in Pueblo, CO, leading to increased demand and potential appreciation in property values.

Abundance of Amenities Near Pueblo, CO

Dozens of grocery stores and hundreds of cafes and restaurants provide residents of Pueblo, CO with a wide range of amenities. In addition to these existing amenities, Pueblo, CO is also set to receive upcoming amenities in the near future. These upcoming amenities, such as parks and gyms, are expected to have a positive impact on the local real estate market. With more attractive amenities available, it is likely that the demand for housing in Pueblo, CO will increase. This increased demand may result in a rise in property values and rental prices. Currently, rental prices in different neighborhoods of Pueblo, CO range from $500 to $2.9K per month. Neighborhoods like Bessemer have a median listing home price of $204.5K, with a listing price per square foot of $140. On the other hand, the Northside neighborhood has a higher median listing home price of $258.9K, with a listing price per square foot of $153.

Popular Neighborhoods in Pueblo, CO

Moving on to popular neighborhoods in Pueblo, CO, two areas that stand out are the Bessemer neighborhood and the Northside neighborhood. In Bessemer, the median listing home price is $204.5K, with a listing price per square foot of $140. This neighborhood offers a range of homes for sale and for rent, providing options for different preferences and budgets. As for the Northside neighborhood, the median listing home price is slightly higher at $258.9K, with a listing price per square foot of $153. While rental prices were not explicitly mentioned for Bessemer, it is worth noting that there are 143 rentals available in Pueblo, CO, with prices ranging from $500 to $2.9K per month. This indicates that there are various rental options in the area, catering to different financial needs.