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

Last month, 80420 was a Buyer'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

$775,000

$360/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$25,000(-3.1%)

Key Takeaway

Homes in 80420 have sold for 3.1% less than they did a month ago.

Summary: The median home sold price in 80420 was $775,000 in October 2024, down 3.1% from last month, and the median price per square foot was $360.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$775K
N/A
3 $696.2K$1.0M
+47.2%
4 $1.0M$775K
-24.4%
5+ --
N/A

Summary: 80420 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.2%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80440
+27.9%
80420
-3.1%
80424
-8.8%
80461
-16.4%

Housing Supply in 80420, CO

How many homes are available in 80420, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2827-3.6%

Summary: The 80420 real estate market had 27 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 1715
-11.8%
4 43
-25.0%
5+ 00
0.0%

Summary: The 80420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

6 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. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 80420 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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

Sep 2024Oct 2024CHANGE
165 Days54 Days-67.3%

Summary: Homes in 80420 had an average of 54 days on market in Oct 2024, down by 67.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80420 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 80420; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 13 Days Ago

Newest Listings in 80420, CO

Nearby Markets to 80420, CO