Is 80517, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80517 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 80517 has remained a Seller's Market.

Key Takeaway

80517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80517, CO

How much do homes in 80517, CO cost?

Median Sold Price

$699,500

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,625(+3.3%)

Key Takeaway

Homes in 80517 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 80517 was $699,500 in December 2024, up 3.3% from last year, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $352K$396K
+12.5%
2 $526K$536K
+1.9%
3 $727.5K$750K
+3.1%
4 $985K$980K
-0.5%
5+ $1.1M$956K
-16.5%

Summary: 80517 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 16.5%.

Housing Supply in 80517, CO

How many homes are available in 80517, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
159149-6.3%

Summary: The 80517 real estate market had 149 homes for sale in December 2024, a 6.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1715
-11.8%
2 3635
-2.8%
3 5552
-5.5%
4 3734
-8.1%
5+ 1413
-7.1%

Summary: The 80517 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80517, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 80517 in December 2024, up by 4.0% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.

Days on Market for 80517, CO

How long does it take to sell a home in 80517, CO?

Average Sale Time

Dec 2023Dec 2024CHANGE
47 Days49 Days+3.7%

Summary: Homes in 80517 had an average of 49 days on market in Dec 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80517 has remained consistent over time.

Summary: During December 2024, 26 homes were sold in 80517; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 19% 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 6 Days Ago

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