$10,000 Closing Credit*
$849,900
3,282 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jace Glick Sells Team, Listing Office: RE/MAX ALLIANCE
Is 80016, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 80016 was a Seller's Market.
Key Takeaway
80016 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 80016, CO
How much do homes in 80016, CO cost?
Median Sold Price
$761,712
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,287(-3.0%)
Key Takeaway
Homes in 80016 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 80016 was $761,712 in October 2024, down 3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $500K | $477.4K | -4.5% |
| 3 Bedrooms | $615K | $645K | +4.9% |
| 4 Bedrooms | $820K | $760.1K | -7.3% |
| 5+ Bedrooms | $907.5K | $888.5K | -2.1% |
Summary: 80016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 80016, CO
How many homes are available in 80016, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 348 | 354 | +1.7% |
Summary: The 80016 real estate market had 354 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 75 | 76 | +1.3% |
| 4 Bedrooms | 92 | 96 | +4.3% |
| 5+ Bedrooms | 135 | 135 | 0.0% |
Summary: The 80016 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 53 | -26.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80016, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 80016 in October 2024, down by 26.4% month-over-month. Of the 53 sold homes, 58% were sold under asking, 34% were sold at asking, and 8% were sold over asking.
Days on Market for 80016, CO
How long does it take to sell a home in 80016, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 53 Days | +143.5% |
Summary: Homes in 80016 had an average of 53 days on market in Oct 2024, up by 143.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80016 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 53 homes were sold in 80016; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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