Is 80247, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80247 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80247 was a Neutral Market.

Key Takeaway

80247 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80247, CO

How much do homes in 80247, CO cost?

Median Sold Price

$298,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,500(-6.4%)

Key Takeaway

Homes in 80247 have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in 80247 was $298,500 in October 2024, down 6.4% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$211.7K
-3.8%
2 $305K$291.5K
-4.4%
3 $507.4K$531K
+4.6%
4 $598.5K$642.5K
+7.4%
5+ $649K$750K
+15.6%

Summary: 80247 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

80010
+1.2%
80231
-1.1%
80012
-4.7%
80247
-6.4%
80230
-9.3%

Housing Supply in 80247, CO

How many homes are available in 80247, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
223239+7.2%

Summary: The 80247 real estate market had 239 homes for sale in October 2024, a 7.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4046
+15.0%
2 149153
+2.7%
3 2226
+18.2%
4 910
+11.1%
5+ 34
+33.3%

Summary: The 80247 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
30300.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80247, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 80247 in October 2024, the same as the previous month. Of the 30 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.

Days on Market for 80247, CO

How long does it take to sell a home in 80247, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days76 Days+457.0%

Summary: Homes in 80247 had an average of 76 days on market in Oct 2024, up by 457% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80247 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 30 homes were sold in 80247; 30% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 37% 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 16 Days Ago

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