Is 80120, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80120 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80120 has remained a Seller's Market.

Key Takeaway

80120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80120, CO

How much do homes in 80120, CO cost?

Median Sold Price

$645,000

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,900(+1.1%)

Key Takeaway

Homes in 80120 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 80120 was $645,000 in October 2024, up 1.1% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K$301.2K
-2.8%
2 $502.5K$475K
-5.5%
3 $605.5K$583.5K
-3.6%
4 $689.5K$725K
+5.1%
5+ $799.9K$895K
+11.9%

Summary: 80120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

80120
+1.1%
80123
-0.2%
80129
-0.7%
80122
-2.9%
80121
-16.5%

Housing Supply in 80120, CO

How many homes are available in 80120, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120135+12.5%

Summary: The 80120 real estate market had 135 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 3027
-10.0%
3 2837
+32.1%
4 2839
+39.3%
5+ 2928
-3.4%

Summary: The 80120 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes decreased by 3.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80120, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 80120 in October 2024, down by 23.3% month-over-month. Of the 23 sold homes, 57% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 80120, CO

How long does it take to sell a home in 80120, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days24 Days+80.2%

Summary: Homes in 80120 had an average of 24 days on market in Oct 2024, up by 80.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80120 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 80120; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% 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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Nearby Markets to 80120, CO

MLS Disclaimers and Copyright

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Last updated on: 11/17/2024, 2:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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