Is 80514, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80514 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80514 was a Buyer's Market.

Key Takeaway

80514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80514, CO

How much do homes in 80514, CO cost?

Median Sold Price

$450,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,250(+0.3%)

Key Takeaway

The sold price of homes in 80514 has remained the same since last year.

Summary: The median home sold price in 80514 was $450,000 in November 2024, up 0.3% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$429.5K
N/A
2 $309.5K$317K
+2.4%
3 $466K$462K
-0.9%
4 $440.2K$530K
+20.4%
5+ $600K$449K
-25.2%

Summary: 80514 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes decreased by 25.2%.

Median Sold Price Compared To Nearby Zip Codes

80621
+1.8%
80530
+1.7%
80514
0.3%
80516
-0.9%
80504
-1.3%

Housing Supply in 80514, CO

How many homes are available in 80514, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5551-7.3%

Summary: The 80514 real estate market had 51 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 53
-40.0%
3 3232
0.0%
4 108
-20.0%
5+ 78
+14.3%

Summary: The 80514 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80514, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 80514 in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 80514, CO

How long does it take to sell a home in 80514, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days53 Days+798.6%

Summary: Homes in 80514 had an average of 53 days on market in Nov 2024, up by 798.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80514 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 80514; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% 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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