Is 80011, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80011 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80011 has remained a Seller's Market.

Key Takeaway

80011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80011, CO

How much do homes in 80011, CO cost?

Median Sold Price

$444,122

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,122(+5.7%)

Key Takeaway

Homes in 80011 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 80011 was $444,122 in October 2024, up 5.7% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $209K$193.4K
-7.4%
2 $332.5K$268.5K
-19.2%
3 $425K$441K
+3.8%
4 $460K$459.9K
0%
5+ $450K$488K
+8.4%

Summary: 80011 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Zip Codes

80011
+5.7%
80017
+3.6%
80010
+1.2%
80012
-4.7%

Housing Supply in 80011, CO

How many homes are available in 80011, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
151160+6.0%

Summary: The 80011 real estate market had 160 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1617
+6.3%
2 3743
+16.2%
3 5557
+3.6%
4 2727
0.0%
5+ 1616
0.0%

Summary: The 80011 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3528-20.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80011, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 28 homes were sold or pending in 80011 in October 2024, down by 20.0% month-over-month. Of the 28 sold homes, 36% were sold under asking, 43% were sold at asking, and 21% were sold over asking.

Days on Market for 80011, CO

How long does it take to sell a home in 80011, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days34 Days+1.3%

Summary: Homes in 80011 had an average of 34 days on market in Oct 2024, up by 1.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80011 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 80011; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

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Nearby Markets to 80011, CO

MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/17/2024, 4:12:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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