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 May 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

$305,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$45,000(-12.9%)

Key Takeaway

Homes in 80247 have sold for 12.9% less than they did a year ago.

Summary: The median home sold price in 80247 was $305,000 in May 2024, down 12.9% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $214K$222.5K
+4.0%
2 $330K$297K
-10.0%
3 $500K$527.5K
+5.5%
4 $530K$600K
+13.2%
5+ $601K$607K
+1.0%

Summary: 80247 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Zip Codes

80231
+18.8%
80230
+7.1%
80012
+5.3%
80010
+2.8%
80247
-12.9%

Housing Supply in 80247, CO

How many homes are available in 80247, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
169217+28.4%

Summary: The 80247 real estate market had 217 homes for sale in May 2024, a 28.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2730
+11.1%
2 114145
+27.2%
3 2028
+40.0%
4 59
+80.0%
5+ 35
+66.7%

Summary: The 80247 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2832+14.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 80247 in May 2024, up by 14.3% month-over-month. Of the 32 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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

May 2023May 2024CHANGE
38 Days34 Days-11.2%

Summary: Homes in 80247 had an average of 34 days on market in May 2024, down by 11.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80247 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 32 homes were sold in 80247; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% 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 10 Days Ago

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