Is 80203, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80203 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80203 was a Neutral Market.

Key Takeaway

80203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80203, CO

How much do homes in 80203, CO cost?

Median Sold Price

$410,000

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-0.5%)

Key Takeaway

The sold price of homes in 80203 has remained the same since last year.

Summary: The median home sold price in 80203 was $410,000 in October 2024, down 0.5% from last year, and the median price per square foot was $431.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $279K$303.7K
+8.9%
2 $475K$448.5K
-5.6%
3 $710K$720K
+1.4%
4 $725K$856K
+18.1%
5+ $1.0M$947.5K
-8.5%

Summary: 80203 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

80218
+2.3%
80203
-0.5%
80204
-7.9%
80202
-9.9%

Housing Supply in 80203, CO

How many homes are available in 80203, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
124138+11.3%

Summary: The 80203 real estate market had 138 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5662
+10.7%
2 4451
+15.9%
3 1010
0.0%
4 68
+33.3%
5+ 87
-12.5%

Summary: The 80203 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80203, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 80203 in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.

Days on Market for 80203, CO

How long does it take to sell a home in 80203, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days55 Days-14.6%

Summary: Homes in 80203 had an average of 55 days on market in Oct 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 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 80203 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 80203; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% 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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