$725,000
38.00 Acres
Land
Ted Turano, Listing Office: RE/MAX ALLIANCE
Is 80116, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 80116 was a Buyer's Market.
Key Takeaway
80116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80116, CO
How much do homes in 80116, CO cost?
Median Sold Price
$1,125,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$237,500(-17.4%)
Key Takeaway
Homes in 80116 have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in 80116 was $1,125,000 in November 2024, down 17.4% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $944K | $955K | +1.2% |
| 4 Bedrooms | $1.3M | $1.1M | -15.8% |
| 5+ Bedrooms | $1.5M | $1.2M | -20.6% |
Summary: 80116 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 20.6%.
Housing Supply in 80116, CO
How many homes are available in 80116, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 57 | +7.5% |
Summary: The 80116 real estate market had 57 homes for sale in November 2024, a 7.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 80116 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 80116, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 80116 in November 2024, up by 100.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 80116, CO
How long does it take to sell a home in 80116, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 88 Days | +528.6% |
Summary: Homes in 80116 had an average of 88 days on market in Nov 2024, up by 528.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 80116 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in 80116; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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