Is 80111, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80111 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80111 was a Neutral Market.

Key Takeaway

80111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80111, CO

How much do homes in 80111, CO cost?

Median Sold Price

$880,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$112,500(-11.3%)

Key Takeaway

Homes in 80111 have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in 80111 was $880,000 in November 2024, down 11.3% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$321.2K
+7.1%
2 $436.6K$385K
-11.8%
3 $749.5K$677K
-9.7%
4 $985K$907.5K
-7.9%
5+ $1.2M$1.3M
+5.8%

Summary: 80111 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

80237
+6.4%
80112
+3.3%
80014
+1.3%
80113
-3.0%
80111
-11.3%

Housing Supply in 80111, CO

How many homes are available in 80111, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128116-9.4%

Summary: The 80111 real estate market had 116 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 129
-25.0%
2 2221
-4.5%
3 1919
0.0%
4 3938
-2.6%
5+ 3629
-19.4%

Summary: The 80111 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 19.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3422-35.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80111, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 80111 in November 2024, down by 35.3% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for 80111, CO

How long does it take to sell a home in 80111, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days50 Days+106.4%

Summary: Homes in 80111 had an average of 50 days on market in Nov 2024, up by 106.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80111 has remained consistent over time.

Summary: During November 2024, 22 homes were sold in 80111; 32% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

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