$2,826 Closing Credit*
$238,000
541 SqFt
1 Bed
•1 Full Bath
Lynn Mattoon, Listing Office: Redfin Corporation
Is 80218, 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, 80218 was a Seller's Market.
Key Takeaway
80218 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 80218, CO
How much do homes in 80218, CO cost?
Median Sold Price
$538,000
$443/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+2.3%)
Key Takeaway
Homes in 80218 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 80218 was $538,000 in October 2024, up 2.3% from last year, and the median price per square foot was $443.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284.5K | $293K | +3.0% |
| 2 Bedrooms | $524.5K | $502.2K | -4.2% |
| 3 Bedrooms | $809.2K | $837.5K | +3.5% |
| 4 Bedrooms | $1.2M | $1.3M | +5.9% |
| 5+ Bedrooms | $1.9M | $1.3M | -32.7% |
Summary: 80218 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 32.7%.
Housing Supply in 80218, CO
How many homes are available in 80218, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 162 | 176 | +8.6% |
Summary: The 80218 real estate market had 176 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 45 | 51 | +13.3% |
| 2 Bedrooms | 60 | 66 | +10.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 80218 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80218, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 80218 in October 2024, up by 40.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for 80218, CO
How long does it take to sell a home in 80218, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 51 Days | +101.9% |
Summary: Homes in 80218 had an average of 51 days on market in Oct 2024, up by 101.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 80218 has remained consistent over time.
Summary: During October 2024, 28 homes were sold in 80218; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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