Is 80216, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80216 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 80216 was a Buyer's Market.

Key Takeaway

80216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80216, CO

How much do homes in 80216, CO cost?

Median Sold Price

$240,000

$372/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$80,000(-25.0%)

Key Takeaway

Homes in 80216 have sold for 25% less than they did a month ago.

Summary: The median home sold price in 80216 was $240,000 in December 2024, down 25% from last month, and the median price per square foot was $372.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $325K$205K
-36.9%
2 $316K$240K
-24.1%
3 $400K$325K
-18.8%
4 --
N/A
5+ -$375K
N/A

Summary: 80216 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 80216, CO

How many homes are available in 80216, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5152+2.0%

Summary: The 80216 real estate market had 52 homes for sale in December 2024, a 2.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 88
0.0%
2 2524
-4.0%
3 1315
+15.4%
4 11
0.0%
5+ 44
0.0%

Summary: The 80216 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80216, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 80216 in December 2024, up by 120.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% 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

Nov 2024Dec 2024CHANGE
86 Days31 Days-63.7%

Summary: Homes in 80216 had an average of 31 days on market in Dec 2024, down by 63.7% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80216 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 80216; 73% of homes were sold within 30 days, 18% 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 2 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2024 - 01/01/2025

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Last updated on: 1/3/2025, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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