Is 80205, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80205 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80205 was a Seller's Market.

Key Takeaway

80205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80205, CO

How much do homes in 80205, CO cost?

Median Sold Price

$641,975

$434/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,975(+2.7%)

Key Takeaway

Homes in 80205 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 80205 was $641,975 in October 2024, up 2.7% from last year, and the median price per square foot was $434.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $362.5K$400K
+10.3%
2 $573.9K$565K
-1.6%
3 $706K$678.7K
-3.9%
4 $833K$795K
-4.6%
5+ $948K$885K
-6.6%

Summary: 80205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

80205
+2.7%
80218
+2.3%
80202
-9.9%
80206
-11.1%
80216
-17.6%

Housing Supply in 80205, CO

How many homes are available in 80205, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
199224+12.6%

Summary: The 80205 real estate market had 224 homes for sale in October 2024, a 12.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3036
+20.0%
2 6166
+8.2%
3 6163
+3.3%
4 3845
+18.4%
5+ 914
+55.6%

Summary: The 80205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3132+3.2%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80205, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 80205 in October 2024, up by 3.2% month-over-month. Of the 32 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.

Days on Market for 80205, CO

How long does it take to sell a home in 80205, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days44 Days+4.1%

Summary: Homes in 80205 had an average of 44 days on market in Oct 2024, up by 4.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80205 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 80205; 59% of homes were sold within 30 days, 22% 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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