$8,609 Closing Credit*
$725,000
2,644 SqFt
4 Beds
•1 Full Bath, 3 Partial
Denise Cruz, Listing Office: The Old Country Real Estate Group LLC
Is 80218, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 80218 was a Neutral Market.
Key Takeaway
80218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 80218, CO
How much do homes in 80218, CO cost?
Median Sold Price
$538,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,000(+5.5%)
Key Takeaway
Homes in 80218 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 80218 was $538,000 in November 2024, up 5.5% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284K | $297K | +4.6% |
| 2 Bedrooms | $500K | $502.2K | 0.4% |
| 3 Bedrooms | $867.5K | $820K | -5.5% |
| 4 Bedrooms | $1.0M | $1.2M | +21.4% |
| 5+ Bedrooms | $1.8M | $1.3M | -31.2% |
Summary: 80218 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in 80218, CO
How many homes are available in 80218, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 154 | -3.8% |
Summary: The 80218 real estate market had 154 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 43 | -2.3% |
| 2 Bedrooms | 61 | 56 | -8.2% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 80218 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 16 | -42.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 80218, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 80218 in November 2024, down by 42.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 68 Days | +168.1% |
Summary: Homes in 80218 had an average of 68 days on market in Nov 2024, up by 168.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 80218 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 16 homes were sold in 80218; 38% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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