Is 80504, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80504 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 80504 has remained a Seller's Market.

Key Takeaway

80504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80504, CO

How much do homes in 80504, CO cost?

Median Sold Price

$582,520

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,680(-1.3%)

Key Takeaway

Homes in 80504 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 80504 was $582,520 in November 2024, down 1.3% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $315K$219.1K
-30.4%
2 $410K$436.3K
+6.4%
3 $540.3K$536.6K
-0.7%
4 $615K$605.9K
-1.5%
5+ $749.9K$727.5K
-3.0%

Summary: 80504 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Zip Codes

80504
-1.3%
80501
-3.4%
80542
-3.5%
80503
-7.1%

Housing Supply in 80504, CO

How many homes are available in 80504, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
347327-5.8%

Summary: The 80504 real estate market had 327 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 48
+100.0%
2 4439
-11.4%
3 9993
-6.1%
4 122114
-6.6%
5+ 7873
-6.4%

Summary: The 80504 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 6.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7572-4.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80504, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in 80504 in November 2024, down by 4.0% month-over-month. Of the 72 sold homes, 53% were sold under asking, 33% were sold at asking, and 14% were sold over asking.

Days on Market for 80504, CO

How long does it take to sell a home in 80504, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days41 Days+0.7%

Summary: Homes in 80504 had an average of 41 days on market in Nov 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80504 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 72 homes were sold in 80504; 51% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 13% 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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