Is 80108, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80108 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80108 was a Neutral Market.

Key Takeaway

80108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80108, CO

How much do homes in 80108, CO cost?

Median Sold Price

$875,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,000(-2.6%)

Key Takeaway

Homes in 80108 have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in 80108 was $875,000 in October 2024, down 2.6% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$290K
N/A
2 $445K$470K
+5.6%
3 $780K$730K
-6.4%
4 $885K$872.5K
-1.4%
5+ $1.1M$1.1M
-6.0%

Summary: 80108 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 5.6%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Zip Codes

80104
+1.4%
80134
+0.6%
80108
-2.6%
80109
-5.4%
80124
-15.0%

Housing Supply in 80108, CO

How many homes are available in 80108, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
309326+5.5%

Summary: The 80108 real estate market had 326 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2227
+22.7%
3 8776
-12.6%
4 99116
+17.2%
5+ 101107
+5.9%

Summary: The 80108 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 22.7%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4756+19.1%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80108, you may be able to get a good deal. 66.1% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in 80108 in October 2024, up by 19.1% month-over-month. Of the 56 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.

Days on Market for 80108, CO

How long does it take to sell a home in 80108, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days57 Days+91.5%

Summary: Homes in 80108 had an average of 57 days on market in Oct 2024, up by 91.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80108 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 56 homes were sold in 80108; 43% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 23% 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

Newest Listings in 80108, CO

Nearby Markets to 80108, CO