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Town comparisons › Erie vs Ward

Erie vs Ward

Erie and Ward are both Colorado towns. There are 245 homes for sale in Erie and 10 in Ward as this page loaded. Erie is the more expensive of the two: a median asking price of $695,000 against $607,000 in Ward, about 14% higher. Homes are moving faster in Erie — a median of 53 days on market against 88 in Ward. Erie is a balanced market right now and Ward is a buyer's market.

Side by side

MeasureErieWard
Homes for sale24510
New in last 30 days824
Median asking price$695,000$607,000
Median price per sq ft$289$402
Median size (sq ft)2,3861,762
Median bedrooms43
Median days on market5388
Months of supply3.47.5
Sold, last 12 months87016
Median sold price$750,000$697,500
Median days to sell7352
Sold vs asking price99.0%98.0%

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.
Ward is a buyer's marketOver six months of supply means there are more homes for sale than the current pace of sales absorbs. Buyers have choice and time, and sellers usually have to compete on price or condition.

Erie

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

Ward

10
Homes for sale
$607,000
Median asking price
$402
Median per sq ft
88
Median days on market

Look at either town on its own

Questions people ask

Is Erie or Ward more expensive?

Erie is more expensive. The median asking price is $695,000 in Erie against $607,000 in Ward. By price per square foot, Erie runs $289 and Ward $402.

Which moves faster, Erie or Ward?

Homes for sale in Erie have been on the market a median of 53 days, against 88 days in Ward. Of the homes that actually closed in the last twelve months, Erie took a median of 73 days and Ward 52.

Is Erie or Ward the better market for a buyer?

Erie is a balanced market and Ward is a buyer's market, measured on months of supply — 3.4 months in Erie and 7.5 in Ward. More months of supply means more choice and more room to negotiate, so on that measure Ward 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 Ward?

There are 245 homes for sale in Erie and 10 in Ward as this page loaded, 82 and 4 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.