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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80302 is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

80302 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80302, CO

How much do homes in 80302, CO cost?

Median Sold Price

$1,209,505

$657/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,171(+0.9%)

Key Takeaway

Homes in 80302 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 80302 was $1,209,505 in October 2024, up 0.9% from last year, and the median price per square foot was $657.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $439.1K$372.5K
-15.2%
2 $844K$789.4K
-6.5%
3 $1.3M$1.1M
-10.5%
4 $2.0M$1.6M
-18.8%
5+ $2.4M$2.1M
-10.4%

Summary: 80302 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

80302
+0.9%
80304
-3.6%

Housing Supply in 80302, CO

How many homes are available in 80302, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
204218+6.9%

Summary: The 80302 real estate market had 218 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1719
+11.8%
2 4852
+8.3%
3 5563
+14.5%
4 5252
0.0%
5+ 3232
0.0%

Summary: The 80302 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

17 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 80302, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 80302 in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 65% were sold under asking, 27% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
97 Days66 Days-32.5%

Summary: Homes in 80302 had an average of 66 days on market in Oct 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80302 has remained consistent over time.

Summary: During October 2024, 26 homes were sold in 80302; 23% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 31% 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 20 Days Ago

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