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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80304 is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

80304 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80304, CO

How much do homes in 80304, CO cost?

Median Sold Price

$1,280,500

$615/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$44,500(-3.4%)

Key Takeaway

Homes in 80304 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 80304 was $1,280,500 in September 2024, down 3.4% from last year, and the median price per square foot was $615.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $378.7K$399.8K
+5.6%
2 $610K$750K
+23.0%
3 $1.2M$1.1M
-4.3%
4 $1.7M$1.8M
+7.7%
5+ $2.5M$2.3M
-8.6%

Summary: 80304 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

80302
+12.4%
80301
+10.4%
80304
-3.4%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
200222+11.0%

Summary: The 80304 real estate market had 222 homes for sale in September 2024, a 11.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1815
-16.7%
2 2926
-10.3%
3 5262
+19.2%
4 5974
+25.4%
5+ 4245
+7.1%

Summary: The 80304 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3323-30.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 87% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 80304 in September 2024, down by 30.3% month-over-month. Of the 23 sold homes, 87% were sold under asking, 9% were sold at asking, and 4% 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

Sep 2023Sep 2024CHANGE
23 Days43 Days+82.0%

Summary: Homes in 80304 had an average of 43 days on market in Sep 2024, up by 82% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 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 September 2024, 23 homes were sold in 80304; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 13% 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 29 Days Ago

Newest Listings in 80304, CO

Nearby Markets to 80304, CO