$6,413 Closing Credit*
$540,000
1,151 SqFt
2 Beds
•1 Full Bath
Ryan Spencer, Listing Office: Group Harmony
Is 80516, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 80516 has remained a Seller's Market.
Key Takeaway
80516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80516, CO
How much do homes in 80516, CO cost?
Median Sold Price
$702,833
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,916(-0.7%)
Key Takeaway
Homes in 80516 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 80516 was $702,833 in October 2024, down 0.7% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $412.5K | $368K | -10.8% |
| 3 Bedrooms | $633K | $625K | -1.3% |
| 4 Bedrooms | $735K | $725K | -1.4% |
| 5+ Bedrooms | $915K | $880K | -3.8% |
Summary: 80516 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 80516, CO
How many homes are available in 80516, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 317 | 325 | +2.5% |
Summary: The 80516 real estate market had 325 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 99 | 105 | +6.1% |
| 4 Bedrooms | 97 | 100 | +3.1% |
| 5+ Bedrooms | 98 | 99 | +1.0% |
Summary: The 80516 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 decreased by 8.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 57 | -17.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80516, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 80516 in October 2024, down by 17.4% month-over-month. Of the 57 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for 80516, CO
How long does it take to sell a home in 80516, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 55 Days | +37.9% |
Summary: Homes in 80516 had an average of 55 days on market in Oct 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80516 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 57 homes were sold in 80516; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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