Is 80534, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80534 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80534 was a Seller's Market.

Key Takeaway

80534 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80534, CO

How much do homes in 80534, CO cost?

Median Sold Price

$519,993

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,043(+4.2%)

Key Takeaway

Homes in 80534 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 80534 was $519,993 in October 2024, up 4.2% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$900K
N/A
2 $422.5K$423.5K
0.2%
3 $470K$475K
+1.1%
4 $512K$547.5K
+6.9%
5+ $590.7K$600K
+1.6%

Summary: 80534 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 increased by 0.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

80550
+6.4%
80534
+4.2%
80543
+3.8%
80513
-5.6%
80651
-7.6%

Housing Supply in 80534, CO

How many homes are available in 80534, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203223+9.9%

Summary: The 80534 real estate market had 223 homes for sale in October 2024, a 9.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 122124
+1.6%
4 5463
+16.7%
5+ 1623
+43.8%

Summary: The 80534 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 18.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 43.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3534-2.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80534, expect to pay close to the asking price. 44.1% of homes here sold near the asking price last month.

Summary: A total of 34 homes were sold or pending in 80534 in October 2024, down by 2.9% month-over-month. Of the 34 sold homes, 26% were sold under asking, 44% were sold at asking, and 29% were sold over asking.

Days on Market for 80534, CO

How long does it take to sell a home in 80534, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days78 Days+128.3%

Summary: Homes in 80534 had an average of 78 days on market in Oct 2024, up by 128.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80534 has remained consistent over time.

Summary: During October 2024, 34 homes were sold in 80534; 15% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 41% 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 20 Days Ago

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