Is 80304, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80304 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80304 was a Seller's Market.

Key Takeaway

80304 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 80304, CO

How much do homes in 80304, CO cost?

Median Sold Price

$1,277,750

$618/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$47,250(-3.6%)

Key Takeaway

Homes in 80304 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 80304 was $1,277,750 in October 2024, down 3.6% from last year, and the median price per square foot was $618.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $370K$394.9K
+6.7%
2 $610K$750K
+23.0%
3 $1.2M$1.1M
-4.4%
4 $1.7M$1.8M
+3.7%
5+ $2.5M$2.3M
-10.0%

Summary: 80304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Zip Codes

80301
+15.0%
80302
+0.9%
80304
-3.6%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179192+7.3%

Summary: The 80304 real estate market had 192 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1215
+25.0%
2 2017
-15.0%
3 5354
+1.9%
4 5664
+14.3%
5+ 3842
+10.5%

Summary: The 80304 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80304, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 80304 in October 2024, up by 16.0% month-over-month. Of the 29 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.

Days on Market for 80304, CO

How long does it take to sell a home in 80304, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days50 Days+16.0%

Summary: Homes in 80304 had an average of 50 days on market in Oct 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80304 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 80304; 45% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% 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 23 Days Ago

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