Is 80023, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80023 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80023 has remained a Seller's Market.

Key Takeaway

80023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80023, CO

How much do homes in 80023, CO cost?

Median Sold Price

$786,964

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$125,785(-13.8%)

Key Takeaway

Homes in 80023 have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in 80023 was $786,964 in October 2024, down 13.8% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $581.2K$605.4K
+4.2%
3 $706K$660K
-6.5%
4 $960K$840K
-12.5%
5+ $1.2M$1.1M
-11.7%

Summary: 80023 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 increased by 4.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

80602
+1.5%
80234
+0.6%
80020
-0.7%
80516
-0.7%
80023
-13.8%

Housing Supply in 80023, CO

How many homes are available in 80023, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
154165+7.1%

Summary: The 80023 real estate market had 165 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4241
-2.4%
3 3337
+12.1%
4 3842
+10.5%
5+ 4145
+9.8%

Summary: The 80023 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 decreased by 2.4%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3629-19.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80023, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 80023 in October 2024, down by 19.4% month-over-month. Of the 29 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.

Days on Market for 80023, CO

How long does it take to sell a home in 80023, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days49 Days+104.2%

Summary: Homes in 80023 had an average of 49 days on market in Oct 2024, up by 104.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80023 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 80023; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% 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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