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Town comparisons › Erie vs Severance

Erie vs Severance

Erie and Severance are both in Weld County. There are 245 homes for sale in Erie and 78 in Severance as this page loaded. Erie is the more expensive of the two: a median asking price of $695,000 against $495,800 in Severance, about 40% higher. On months of supply both are a balanced market right now.

Side by side

MeasureErieSeverance
Homes for sale24578
New in last 30 days8224
Median asking price$695,000$495,800
Median price per sq ft$289$242
Median size (sq ft)2,3862,290
Median bedrooms44
Median days on market5353
Months of supply3.43.4
Sold, last 12 months870275
Median sold price$750,000$500,000
Median days to sell7374
Sold vs asking price99.0%100.0%

The darker figure in each row is the lower price, the shorter wait or the larger number — which of those is the good news depends entirely on whether you are buying or selling.

What each market is doing

Erie is a balanced marketBetween three and six months of supply is the range where neither side has the upper hand - well-priced homes sell and buyers still have room to negotiate.
Severance is a balanced marketBetween three and six months of supply is the range where neither side has the upper hand - well-priced homes sell and buyers still have room to negotiate.

Erie

245
Homes for sale
$695,000
Median asking price
$289
Median per sq ft
53
Median days on market

Severance

78
Homes for sale
$495,800
Median asking price
$242
Median per sq ft
53
Median days on market

Look at either town on its own

Questions people ask

Is Erie or Severance more expensive?

Erie is more expensive. The median asking price is $695,000 in Erie against $495,800 in Severance. By price per square foot, Erie runs $289 and Severance $242.

Which moves faster, Erie or Severance?

Both are sitting at a median of 53 days on market.

Is Erie or Severance the better market for a buyer?

Erie is a balanced market and Severance is a balanced market, measured on months of supply — 3.4 months in Erie and 3.4 in Severance. More months of supply means more choice and more room to negotiate, so on that measure Severance is the easier of the two to buy in today. That is the arithmetic, not advice — the right town is the one you want to live in.

How many homes are for sale in Erie and Severance?

There are 245 homes for sale in Erie and 78 in Severance as this page loaded, 82 and 24 of them new in the last 30 days.

How current are these figures?

They are not published on a schedule and they are not a monthly snapshot. Both towns are read from the live MLS feed at the same instant, when you open this page, so the two sides are always measured against each other rather than against different weeks.

Both sides of this comparison are recalculated from the live MLS feed at the moment the page loads - neither is a monthly snapshot, and the two are read at the same instant so they are always comparable. Figures cover residential homes for sale; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort the medians. Sold figures cover the last twelve complete calendar months. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.