Is Broomfield, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Broomfield has remained a Seller's Market.
Housing Prices in Broomfield, CO
How much do homes in Broomfield, CO cost?
Median Sold Price
$625,091
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broomfield was $625,091 in May 2024, up 2.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $345K | +10.4% |
2 Bedrooms | $525.7K | $554.2K | +5.4% |
3 Bedrooms | $567.3K | $575K | +1.4% |
4 Bedrooms | $660K | $660K | 0.0% |
5+ Bedrooms | $885K | $930K | +5.1% |
Summary: Broomfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Louisville | $841.7K | $882.5K | +4.8% |
Lafayette | $723K | $744.9K | +3.0% |
Lafayette-Louisville | $777.7K | $794.6K | +2.2% |
Broomfield | $612.2K | $625K | +2.1% |
Westminster | $534K | $540.5K | +1.2% |
Housing Supply in Broomfield, CO
How many homes are available in Broomfield, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
398 | 481 | +20.9% |
Summary: The Broomfield real estate market had 481 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 75 | 104 | +38.7% |
3 Bedrooms | 125 | 140 | +12.0% |
4 Bedrooms | 127 | 153 | +20.5% |
5+ Bedrooms | 67 | 80 | +19.4% |
Summary: The Broomfield 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 38.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 139 | +29.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Broomfield in May 2024, up by 29.9% month-over-month. Of the 139 sold homes, 37% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Broomfield, CO
How long does it take to sell a home in Broomfield, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 23 Days | +6.7% |
Summary: Homes in Broomfield had an average of 23 days on market in May 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 139 homes were sold in Broomfield; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.