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 December 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

$514,915

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,915(+2.2%)

Key Takeaway

Homes in 80538 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 80538 was $514,915 in December 2024, up 2.2% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $312.5K$287K
-8.2%
2 $376.6K$387K
+2.8%
3 $490.8K$490K
-0.2%
4 $537.5K$563K
+4.7%
5+ $650K$650K
0.0%

Summary: 80538 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80526
+4.5%
80538
+2.2%
80537
+1.0%
80525
0.0%
80528
-4.9%

Housing Supply in 80538, CO

How many homes are available in 80538, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
264236-10.6%

Summary: The 80538 real estate market had 236 homes for sale in December 2024, a 10.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 5342
-20.8%
3 127121
-4.7%
4 5043
-14.0%
5+ 3128
-9.7%

Summary: The 80538 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 9.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
6263+1.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

11 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. 49.2% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in 80538 in December 2024, up by 1.6% month-over-month. Of the 63 sold homes, 49% were sold under asking, 33% were sold at asking, and 17% 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

Dec 2023Dec 2024CHANGE
40 Days52 Days+29.4%

Summary: Homes in 80538 had an average of 52 days on market in Dec 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

14 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 December 2024, 63 homes were sold in 80538; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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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