Is 80524, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80524 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80524 has remained a Seller's Market.

Key Takeaway

80524 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80524, CO

How much do homes in 80524, CO cost?

Median Sold Price

$598,032

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,032(+4.0%)

Key Takeaway

Homes in 80524 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 80524 was $598,032 in October 2024, up 4% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $418K$366.7K
-12.3%
2 $445.8K$432.7K
-2.9%
3 $540K$541K
0.2%
4 $683.7K$695K
+1.6%
5+ $899.3K$936.2K
+4.1%

Summary: 80524 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

80524
+4.0%
80525
+1.4%
80549
-1.0%
80521
-3.5%

Housing Supply in 80524, CO

How many homes are available in 80524, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
206231+12.1%

Summary: The 80524 real estate market had 231 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 3840
+5.3%
3 7282
+13.9%
4 5562
+12.7%
5+ 3844
+15.8%

Summary: The 80524 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 increased by 5.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3540+14.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80524, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 80524 in October 2024, up by 14.3% month-over-month. Of the 40 sold homes, 45% were sold under asking, 40% were sold at asking, and 15% were sold over asking.

Days on Market for 80524, CO

How long does it take to sell a home in 80524, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days57 Days+132.0%

Summary: Homes in 80524 had an average of 57 days on market in Oct 2024, up by 132% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80524 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 80524; 40% 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 14 Days Ago

Newest Listings in 80524, CO

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