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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80247 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80247 was a Seller's Market.

Key Takeaway

80247 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 80247, CO

How much do homes in 80247, CO cost?

Median Sold Price

$299,333

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,666(-0.9%)

Key Takeaway

Homes in 80247 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 80247 was $299,333 in November 2024, down 0.9% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $217K$206K
-5.1%
2 $295K$290K
-1.7%
3 $507.4K$535K
+5.4%
4 $599.2K$585K
-2.4%
5+ $649K$750K
+15.6%

Summary: 80247 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

80010
+2.3%
80247
-0.9%
80231
-1.4%
80012
-6.7%
80230
-10.3%

Housing Supply in 80247, CO

How many homes are available in 80247, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
224215-4.0%

Summary: The 80247 real estate market had 215 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4842
-12.5%
2 140138
-1.4%
3 2224
+9.1%
4 109
-10.0%
5+ 42
-50.0%

Summary: The 80247 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3231-3.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 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. 71% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 80247 in November 2024, down by 3.1% month-over-month. Of the 31 sold homes, 71% were sold under asking, 13% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
21 Days91 Days+332.2%

Summary: Homes in 80247 had an average of 91 days on market in Nov 2024, up by 332.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

16 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 November 2024, 31 homes were sold in 80247; 26% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 52% 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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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, 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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