Is 80498, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80498 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 80498 was a Buyer's Market.

Key Takeaway

80498 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80498, CO

How much do homes in 80498, CO cost?

Median Sold Price

$1,147,500

$642/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$277,500(-19.5%)

Key Takeaway

Homes in 80498 have sold for 19.5% less than they did a year ago.

Summary: The median home sold price in 80498 was $1,147,500 in December 2024, down 19.5% from last year, and the median price per square foot was $642.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$437.5K
N/A
2 $855K$565K
-33.9%
3 $2.0M$1.2M
-40.6%
4 $1.8M$2.2M
+18.7%
5+ -$1.7M
N/A

Summary: 80498 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.9%, 3 bedroom homes decreased by 40.6%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes did not change.

Housing Supply in 80498, CO

How many homes are available in 80498, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8375-9.6%

Summary: The 80498 real estate market had 75 homes for sale in December 2024, a 9.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 2828
0.0%
3 1917
-10.5%
4 2115
-28.6%
5+ 1010
0.0%

Summary: The 80498 housing inventory by bedroom type for December 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 10.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80498, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 80498 in December 2024, down by 7.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for 80498, CO

How long does it take to sell a home in 80498, CO?

Average Sale Time

Dec 2023Dec 2024CHANGE
194 Days101 Days-47.6%

Summary: Homes in 80498 had an average of 101 days on market in Dec 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80498 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 13 homes were sold in 80498; 15% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 62% 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 4 Days Ago

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