Is 80424, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80424 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 80424 was a Buyer's Market.

Key Takeaway

80424 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 80424, CO

How much do homes in 80424, CO cost?

Median Sold Price

$1,450,000

$1,021/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$140,325(-8.8%)

Key Takeaway

Homes in 80424 have sold for 8.8% less than they did a month ago.

Summary: The median home sold price in 80424 was $1,450,000 in October 2024, down 8.8% from last month, and the median price per square foot was $1,021.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $448.9K$650K
+44.8%
2 $833.5K$925K
+11.0%
3 $1.4M$1.5M
+3.2%
4 $2.9M$3.4M
+16.5%
5+ $6.9M$2.7M
-61.2%

Summary: 80424 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 61.2%.

Median Sold Price Compared To Nearby Zip Codes

80443
+127.1%
80420
-3.1%
80424
-8.8%
80435
-14.0%

Housing Supply in 80424, CO

How many homes are available in 80424, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
129130+0.8%

Summary: The 80424 real estate market had 130 homes for sale in October 2024, a 0.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1214
+16.7%
2 2017
-15.0%
3 2629
+11.5%
4 3535
0.0%
5+ 3635
-2.8%

Summary: The 80424 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80424, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 80424 in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 80424, CO

How long does it take to sell a home in 80424, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
44 Days85 Days+93.4%

Summary: Homes in 80424 had an average of 85 days on market in Oct 2024, up by 93.4% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80424 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 19 homes were sold in 80424; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% 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

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Nearby Markets to 80424, CO

MLS Disclaimers and Copyright

Based on information from REColorado for the period 09/01/2024 - 11/01/2024

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Last updated on: 11/14/2024, 11:12:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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