Is 80538, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80538 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 80538 has remained a Seller's Market.

Key Takeaway

80538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80538, CO

How much do homes in 80538, CO cost?

Median Sold Price

$512,195

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,267(+1.2%)

Key Takeaway

Homes in 80538 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 80538 was $512,195 in November 2024, up 1.2% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $305K$310K
+1.6%
2 $375K$389K
+3.7%
3 $494K$487.3K
-1.3%
4 $547K$563K
+2.9%
5+ $650K$675K
+3.8%

Summary: 80538 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

80526
+3.9%
80538
+1.2%
80525
0.4%
80537
0.3%
80528
-6.5%

Housing Supply in 80538, CO

How many homes are available in 80538, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
301285-5.3%

Summary: The 80538 real estate market had 285 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 5859
+1.7%
3 132131
-0.8%
4 6857
-16.2%
5+ 4035
-12.5%

Summary: The 80538 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7161-14.1%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80538, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in 80538 in November 2024, down by 14.1% month-over-month. Of the 61 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.

Days on Market for 80538, CO

How long does it take to sell a home in 80538, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days58 Days+33.7%

Summary: Homes in 80538 had an average of 58 days on market in Nov 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80538 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 61 homes were sold in 80538; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

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