Is 80231, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80231 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80231 was a Seller's Market.

Key Takeaway

80231 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 80231, CO

How much do homes in 80231, CO cost?

Median Sold Price

$433,666

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,333(-1.4%)

Key Takeaway

Homes in 80231 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 80231 was $433,666 in November 2024, down 1.4% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $211.3K$200K
-5.4%
2 $333K$340K
+2.1%
3 $499K$519.5K
+4.1%
4 $699.9K$680.5K
-2.8%
5+ $699.5K$730K
+4.4%

Summary: 80231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

80237
+6.4%
80014
+1.3%
80247
-0.9%
80231
-1.4%
80224
-6.1%

Housing Supply in 80231, CO

How many homes are available in 80231, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
159165+3.8%

Summary: The 80231 real estate market had 165 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2025
+25.0%
2 6167
+9.8%
3 4137
-9.8%
4 2825
-10.7%
5+ 911
+22.2%

Summary: The 80231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2524-4.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80231, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 80231 in November 2024, down by 4.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 29% were sold at asking, and 8% were sold over asking.

Days on Market for 80231, CO

How long does it take to sell a home in 80231, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days52 Days+331.2%

Summary: Homes in 80231 had an average of 52 days on market in Nov 2024, up by 331.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80231 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 24 homes were sold in 80231; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

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Nearby Markets to 80231, CO

MLS Disclaimers and Copyright

Based on information from REColorado for the period 12/01/2022 - 12/01/2024

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Last updated on: 12/18/2024, 11:12:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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