Is 80123, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80123 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80123 has remained a Seller's Market.

Key Takeaway

80123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80123, CO

How much do homes in 80123, CO cost?

Median Sold Price

$607,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,333(-0.2%)

Key Takeaway

The sold price of homes in 80123 has remained the same since last year.

Summary: The median home sold price in 80123 was $607,000 in October 2024, down 0.2% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315.5K$300K
-4.9%
2 $410K$419.9K
+2.4%
3 $614.7K$609.9K
-0.8%
4 $690K$704K
+2.0%
5+ $1.3M$1.1M
-11.1%

Summary: 80123 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

80235
+14.0%
80128
+2.6%
80120
+1.1%
80236
0.1%
80123
-0.2%

Housing Supply in 80123, CO

How many homes are available in 80123, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
217229+5.5%

Summary: The 80123 real estate market had 229 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1311
-15.4%
2 5045
-10.0%
3 5463
+16.7%
4 6367
+6.3%
5+ 3743
+16.2%

Summary: The 80123 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 16.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5158+13.7%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80123, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in 80123 in October 2024, up by 13.7% month-over-month. Of the 58 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 80123, CO

How long does it take to sell a home in 80123, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days24 Days-32.0%

Summary: Homes in 80123 had an average of 24 days on market in Oct 2024, down by 32% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80123 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 58 homes were sold in 80123; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/17/2024, 12:12:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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