Is 80440, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80440 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 80440 was a Seller's Market.

Key Takeaway

80440 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 80440, CO

How much do homes in 80440, CO cost?

Median Sold Price

$800,000

$336/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$135,000(+20.3%)

Key Takeaway

Homes in 80440 have sold for 20.3% more than they did a month ago.

Summary: The median home sold price in 80440 was $800,000 in November 2024, up 20.3% from last month, and the median price per square foot was $336.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $465K$220K
-52.7%
2 $646K$555K
-14.1%
3 $740K$830K
+12.2%
4 -$770K
N/A
5+ $680K$925K
+36.0%

Summary: 80440 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 52.7%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 36%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 80440, CO

How many homes are available in 80440, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8880-9.1%

Summary: The 80440 real estate market had 80 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 1314
+7.7%
3 5042
-16.0%
4 1415
+7.1%
5+ 65
-16.7%

Summary: The 80440 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80440, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 80440 in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for 80440, CO

How long does it take to sell a home in 80440, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
100 Days92 Days-7.1%

Summary: Homes in 80440 had an average of 92 days on market in Nov 2024, down by 7.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80440 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in 80440; 8% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 58% 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 3 Days Ago

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