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 December 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

$1,229,667

$617/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$129,399(-9.5%)

Key Takeaway

Homes in 80304 have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in 80304 was $1,229,667 in December 2024, down 9.5% from last year, and the median price per square foot was $617.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $370K$387K
+4.6%
2 $610K$755K
+23.8%
3 $1.2M$1.1M
-9.2%
4 $1.8M$1.8M
+2.4%
5+ $2.5M$2.5M
0%

Summary: 80304 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80301
+15.2%
80302
+5.7%
80304
-9.5%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
131127-3.1%

Summary: The 80304 real estate market had 127 homes for sale in December 2024, a 3.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1110
-9.1%
2 1714
-17.6%
3 3840
+5.3%
4 4139
-4.9%
5+ 2424
0.0%

Summary: The 80304 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1521+40.0%

Asking Price vs. Sold Price

14 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 80304 in December 2024, up by 40.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% 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

Dec 2023Dec 2024CHANGE
45 Days64 Days+42.1%

Summary: Homes in 80304 had an average of 64 days on market in Dec 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 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 December 2024, 21 homes were sold in 80304; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% 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 1 Day Ago

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