Is 80501, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80501 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80501 has remained a Seller's Market.

Key Takeaway

80501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80501, CO

How much do homes in 80501, CO cost?

Median Sold Price

$515,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-1.9%)

Key Takeaway

Homes in 80501 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 80501 was $515,000 in October 2024, down 1.9% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $191.2K$281.1K
+47.0%
2 $444.1K$439K
-1.2%
3 $518.5K$499.5K
-3.7%
4 $577K$561.2K
-2.7%
5+ $690K$629K
-8.8%

Summary: 80501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

80504
-1.5%
80501
-1.9%
80503
-4.3%

Housing Supply in 80501, CO

How many homes are available in 80501, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172203+18.0%

Summary: The 80501 real estate market had 203 homes for sale in October 2024, a 18.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2333
+43.5%
3 8189
+9.9%
4 4256
+33.3%
5+ 2322
-4.3%

Summary: The 80501 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 43.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2841+46.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80501, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 80501 in October 2024, up by 46.4% month-over-month. Of the 41 sold homes, 46% were sold under asking, 24% were sold at asking, and 29% were sold over asking.

Days on Market for 80501, CO

How long does it take to sell a home in 80501, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days28 Days-25.9%

Summary: Homes in 80501 had an average of 28 days on market in Oct 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80501 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in 80501; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

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