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 October 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

$581,350

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,750(-1.5%)

Key Takeaway

Homes in 80504 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 80504 was $581,350 in October 2024, down 1.5% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $356.7K$219.1K
-38.6%
2 $416.2K$437.2K
+5.0%
3 $540K$535.2K
-0.9%
4 $619.9K$606.9K
-2.1%
5+ $730K$730K
0.0%

Summary: 80504 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80504
-1.5%
80501
-1.9%
80503
-4.3%
80542
-10.2%

Housing Supply in 80504, CO

How many homes are available in 80504, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
360374+3.9%

Summary: The 80504 real estate market had 374 homes for sale in October 2024, a 3.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 3645
+25.0%
3 109110
+0.9%
4 132127
-3.8%
5+ 7787
+13.0%

Summary: The 80504 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8269-15.9%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

13 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. 43.5% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in 80504 in October 2024, down by 15.9% month-over-month. Of the 69 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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

Oct 2023Oct 2024CHANGE
61 Days52 Days-14.7%

Summary: Homes in 80504 had an average of 52 days on market in Oct 2024, down by 14.7% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

16 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 October 2024, 69 homes were sold in 80504; 39% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 16 Days Ago

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