Is 80420, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80420 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 80420 has remained a Seller's Market.

Key Takeaway

80420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80420, CO

How much do homes in 80420, CO cost?

Median Sold Price

$728,750

$394/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$46,250(-6.0%)

Key Takeaway

Homes in 80420 have sold for 6% less than they did a month ago.

Summary: The median home sold price in 80420 was $728,750 in November 2024, down 6% from last month, and the median price per square foot was $394.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $775K$477.5K
-38.4%
3 $1.0M$957.5K
-6.6%
4 $775K$1.1M
+45.2%
5+ --
N/A

Summary: 80420 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80424
+68.5%
80440
+20.3%
80461
+1.8%
80420
-6.0%

Housing Supply in 80420, CO

How many homes are available in 80420, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2821-25.0%

Summary: The 80420 real estate market had 21 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 1510
-33.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The 80420 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80420, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 80420 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 80420, CO

How long does it take to sell a home in 80420, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days37 Days-30.1%

Summary: Homes in 80420 had an average of 37 days on market in Nov 2024, down by 30.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80420 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 80420; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

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Newest Listings in 80420, CO

Nearby Markets to 80420, CO

MLS Disclaimers and Copyright

Based on information from REColorado for the period 10/01/2024 - 12/01/2024

IDX Listings courtesy of REColorado as distributed by MLS GRID.

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Last updated on: 12/12/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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