Is 80302, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80302 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80302 was a Seller's Market.

Key Takeaway

80302 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 80302, CO

How much do homes in 80302, CO cost?

Median Sold Price

$1,203,168

$654/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,668(+0.5%)

Key Takeaway

The sold price of homes in 80302 has remained the same since last year.

Summary: The median home sold price in 80302 was $1,203,168 in November 2024, up 0.5% from last year, and the median price per square foot was $654.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $439.1K$372.5K
-15.2%
2 $797K$789.4K
-0.9%
3 $1.3M$1.1M
-14.4%
4 $1.9M$1.6M
-17.9%
5+ $2.3M$2.2M
-7.4%

Summary: 80302 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

80302
0.5%
80304
-4.0%

Housing Supply in 80302, CO

How many homes are available in 80302, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
196194-1.0%

Summary: The 80302 real estate market had 194 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1722
+29.4%
2 4740
-14.9%
3 5754
-5.3%
4 4648
+4.3%
5+ 2930
+3.4%

Summary: The 80302 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.4%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2531+24.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80302, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 80302 in November 2024, up by 24.0% month-over-month. Of the 31 sold homes, 74% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for 80302, CO

How long does it take to sell a home in 80302, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days78 Days+78.6%

Summary: Homes in 80302 had an average of 78 days on market in Nov 2024, up by 78.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80302 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 80302; 32% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 39% 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 21 Days Ago

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