$4,513 Closing Credit*
$380,000
841 SqFt
2 Beds
•1 Full Bath
Armando Payan, Listing Office: Payan Realty
Is 80216, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 80216 was a Neutral Market.
Key Takeaway
80216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 80216, CO
How much do homes in 80216, CO cost?
Median Sold Price
$375,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$80,000(-17.6%)
Key Takeaway
Homes in 80216 have sold for 17.6% less than they did a year ago.
Summary: The median home sold price in 80216 was $375,000 in October 2024, down 17.6% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $295K | +3.5% |
| 2 Bedrooms | $420K | $355.3K | -15.4% |
| 3 Bedrooms | $484.5K | $380K | -21.6% |
| 4 Bedrooms | $240K | $532.4K | +121.9% |
| 5+ Bedrooms | $720K | $625K | -13.2% |
Summary: 80216 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 121.9%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 80216, CO
How many homes are available in 80216, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Summary: The 80216 real estate market had 57 homes for sale in October 2024, a 21.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 80216 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80216, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 80216 in October 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 80216, CO
How long does it take to sell a home in 80216, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 80 Days | +86.3% |
Summary: Homes in 80216 had an average of 80 days on market in Oct 2024, up by 86.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80216 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 80216; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 