Painted Prairie · September 2026
Painted Prairie Market Report
Sales held steady while competition expanded. Painted Prairie recorded seven September closings in both years, but the average sold price declined 2.9%, market time lengthened and new listings increased from 10 to 18.
The Quick Answer
Buyer choice increased even though September sales volume held steady.
Painted Prairie recorded seven closed sales in September 2026, exactly matching September 2025. The average sold price moved from $524,640 to $509,598, a 2.9% decline.
The homes sold this September were 9.1% larger on average, yet average price per square foot declined 9.2%. Market time increased from 60.7 to 89 days, and all seven current year sales recorded a price reduction before closing. This combination points to more price sensitive buyers and a need for careful property by property comparisons.
Market Balance
The closing count stayed level while more homes entered the market.
Homeowner context: steady closings do not mean conditions were unchanged. The larger inflow of new listings gave buyers more options, while longer market time and lower price per square foot increased the importance of condition, price and direct competition.
Two September Samples
Similar sales volume produced a different pricing and timing result.
- Average home size2,326 sq. ft.
- Average price per sq. ft.$229
- Average days on market89
- Sold-to-original-list ratio93.6%
- Average home size2,132 sq. ft.
- Average price per sq. ft.$252
- Average days on market60.7
- Sold-to-original-list ratio94.2%
How to read this: red marks measures that moved in a less favorable direction for sellers, green marks increased market activity or choice, and blue shows neutral or property-mix context.
Year-Over-Year Detail
Longer marketing time accompanied modestly softer pricing.
| Metric | September 2026 | September 2025 | Change or context |
|---|---|---|---|
| Closed sales | 7 | 7 | No change |
| Average sold price | $509,598 | $524,640 | −2.9% |
| Average home size | 2,326 sq. ft. | 2,132 sq. ft. | +9.1% · larger mix |
| Average price per sq. ft. | $229 | $252 | −9.2% |
| Average days on market | 89 | 60.7 | 28.3 days longer |
| Sold-to-original-list ratio | 93.6% | 94.2% | −0.6 percentage points |
| Sold within 7 days | 0 of 7 · 0% | 0 of 7 · 0% | No change |
| Price reduced before sale | 7 of 7 · 100% | 7 of 7 · 100% | No change |
| New listings, prior 30 days | 18 | 10 | +80.0% · more new options |
Pricing Response
Every September closing recorded a price reduction.
The seven sales did not all follow the same path. Recorded sold prices ranged from $400,990 to $599,990, and homes varied by property type, size and condition. The consistent pattern is that each seller adjusted price before closing, reinforcing the value of comparing against the closest available alternatives before launch.
September Property Mix
Single family homes and duplexes occupied different price lanes.
Single family
$545,239Duplex
$420,495Townhome
No September saleLast September’s seven closings included four single family homes, two townhomes and one duplex. This September included five single family homes and two duplexes. That changing property mix is one reason a community wide average should not be applied directly to a particular home.
Current Supply
Painted Prairie offered choices across three property types and several price tiers.
The workbook contained 48 active listings, ranging from $390,000 to $799,000, with a median asking price of $513,430. It also showed nine pending sales with a median asking price of $499,950. Active and pending figures are current snapshots, not year-over-year comparisons.
- Single family homes35
- Townhomes8
- Duplex listings5
- Built in 2025 or 202631 · 64.6%
Active asking-price mix
September sold-price mix
The nine pending properties included seven single family homes and two duplexes. Pending asking prices are not final sold prices.
Months of inventory: 48 active listings divided by seven September closings equals 6.9 months. This is a community wide calculation across property types; a single family home, townhome or duplex may face a different competitive set.
Price Trend
Monthly averages remained sensitive to sales mix and volume.
From September 2025 through September 2026, monthly average sold prices ranged from about $450,000 to $599,000. Monthly closing counts ranged from two to 21. September’s seven-sale sample is useful, but property type and home size still influence the monthly line.
Recorded Sold-Price Range
The full dataset spans $365,000 to $879,000.
These are the lowest and highest valid sold prices across all 133 closed records in the supplied dataset, not September-only figures.
Closed May 29, 2026
Closed March 11, 2026
The source workbook labels the final amount “Sold Price.” It is treated as equivalent to “Close Price” for every final-sale metric and the dataset-wide high and low.
Homeowner Decisions
Use the right property lane before deciding on price or improvements.
For Painted Prairie sellers
- Compare against the same property type first. September single family and duplex sales occupied distinctly different price ranges.
- Review the 48 active listings buyers can choose now, especially the 33 listings between $400,000 and $599,999.
- Set the opening price carefully. All seven September sales recorded a price reduction before closing.
- Plan for market time and respond to feedback early; September’s closed homes averaged 89 days on market.
For Painted Prairie buyers
- Use the broader active selection to compare layout, condition, finished space, fees, parking and lot position.
- Review original list price and price history when evaluating negotiating room.
- Compare total written terms for recently built homes and resales rather than relying on asking price alone.
- Track the nine pending properties, but wait for their recorded sold prices before using them as comparable evidence.
Should you finish the basement, add a bedroom or keep a large open recreation area?
Finish for daily use
Prioritize comfortable, permitted space that solves a real household need. Compare ceiling height, light, storage and finish quality with similar homes.
Add a legal bedroom
Confirm egress, permits, heating, ventilation and layout before counting a room as a bedroom. More bedrooms do not guarantee a matching resale return.
Keep flexible space
An open recreation area can serve several uses. Consider whether buyers in your property type and price tier value flexibility more than another enclosed room.
This report cannot isolate the value of a particular renovation. September’s five three bedroom sales averaged $480,439, while the two four+ bedroom sales averaged $582,495, but those homes also differed in property type, size, condition and market time. Use closely matched sales before committing to a project.
Financing Context
Mortgage rates remain part of the monthly payment decision.
The average weekly 30-year fixed mortgage rate was approximately 6.86% in September 2026, compared with approximately 6.35% in September 2025. A buyer’s actual rate depends on credit, down payment, loan program and timing. Source: Freddie Mac Primary Mortgage Market Survey archive.
What Do These Numbers Mean?
Painted Prairie market report questions
Did Painted Prairie home values fall 2.9%?
Not necessarily for every home. The comparison covers seven sales in each year, and the property-type mix changed. A home-specific review should use the closest matches for property type, size, condition and location.
What does 6.9 months of inventory mean?
It is the 48 active listings divided by seven September closings. It describes the community wide pace across single family homes, townhomes and duplexes. Each segment may have a different supply-and-demand balance.
Why did price per square foot decline when the average home was larger?
Larger homes often sell for fewer dollars per square foot, and property type also matters. The September 2026 homes were 9.1% larger on average, while price per square foot was 9.2% lower.
Are “Sold Price” and “Close Price” the same in these reports?
Yes. This workbook labels the final recorded sale amount “Sold Price.” It is treated as equivalent to “Close Price” for pricing metrics and the dataset-wide high and low.
Can this report tell me what my Painted Prairie home is worth?
No. It provides community context. A useful value range requires a review of your property type, size, condition, improvements, basement, lot, fees, location and the most comparable recent sales.
Local Real Estate Guidance
See where your home fits in Painted Prairie’s changing market.
John Nichols
Real Estate Advisor | Coldwell Banker Realty
720.877.1940 · CORealestateJohn@gmail.com
ColoradoBuyAndSellHomes.com
This report is for general informational purposes only. It is not an appraisal and does not guarantee the value, marketability or future sale price of any individual property. Verify property details and obtain advice specific to your circumstances.
