$6,519 Closing Credit*
$549,000
1,309 SqFt
2 Beds
•1 Full Bath, 1 Partial
Lisa Simpson, Listing Office: MOUNTAIN LAKE PROPERTIES
Is 80447, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 80447 has remained a Buyer's Market.
Key Takeaway
80447 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 80447, CO
How much do homes in 80447, CO cost?
Median Sold Price
$805,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,500(-1.6%)
Key Takeaway
Homes in 80447 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 80447 was $805,000 in October 2024, down 1.6% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $409K | N/A |
| 2 Bedrooms | $480K | $547.5K | +14.1% |
| 3 Bedrooms | $795K | $900K | +13.2% |
| 4 Bedrooms | $1.3M | $911.2K | -29.9% |
| 5+ Bedrooms | $1.5M | $2.9M | +90.9% |
Summary: 80447 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes increased by 90.9%.
Median Sold Price Compared To Nearby Zip Codes
| 80517 | $700K | $691.6K | -1.2% |
| 80447 | $818.5K | $805K | -1.6% |
Housing Supply in 80447, CO
How many homes are available in 80447, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 51 | -10.5% |
Summary: The 80447 real estate market had 51 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 80447 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 80447, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 80447 in October 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 80447, CO
How long does it take to sell a home in 80447, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 43 Days | +230.8% |
Summary: Homes in 80447 had an average of 43 days on market in Oct 2024, up by 230.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 80447 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 80447; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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