Is 80304, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80304 is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 80304 was a Seller's Market.

Key Takeaway

80304 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80304, CO

How much do homes in 80304, CO cost?

Median Sold Price

$1,428,812

$637/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$128,812(+9.9%)

Key Takeaway

Homes in 80304 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 80304 was $1,428,812 in May 2024, up 9.9% from last year, and the median price per square foot was $637.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $387.5K$394.9K
+1.9%
2 $607.5K$770K
+26.7%
3 $1.2M$1.2M
0.3%
4 $1.6M$1.9M
+15.4%
5+ $2.4M$2.8M
+17.6%

Summary: 80304 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Zip Codes

80304
+9.9%
80301
+7.1%
80302
-7.7%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
192239+24.5%

Summary: The 80304 real estate market had 239 homes for sale in May 2024, a 24.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1515
0.0%
2 2130
+42.9%
3 3649
+36.1%
4 7491
+23.0%
5+ 4654
+17.4%

Summary: The 80304 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 42.9%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 17.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3039+30.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80304, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 80304 in May 2024, up by 30.0% month-over-month. Of the 39 sold homes, 72% were sold under asking, 13% were sold at asking, and 15% were sold over asking.

Days on Market for 80304, CO

How long does it take to sell a home in 80304, CO?

Average Sale Time

May 2023May 2024CHANGE
69 Days57 Days-17.4%

Summary: Homes in 80304 had an average of 57 days on market in May 2024, down by 17.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80304 has remained consistent over time.

Summary: During May 2024, 39 homes were sold in 80304; 31% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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