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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80538 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 80538 was a Seller's Market.

Key Takeaway

80538 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 80538, CO

How much do homes in 80538, CO cost?

Median Sold Price

$515,222

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,057(+3.0%)

Key Takeaway

Homes in 80538 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 80538 was $515,222 in September 2024, up 3% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $327.5K$320K
-2.3%
2 $375K$386K
+2.9%
3 $489.7K$490K
0.1%
4 $540K$565K
+4.6%
5+ $650K$665K
+2.3%

Summary: 80538 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

80538
+3.0%
80537
+1.7%
80525
+1.3%
80526
+0.6%
80528
-8.8%

Housing Supply in 80538, CO

How many homes are available in 80538, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
335351+4.8%

Summary: The 80538 real estate market had 351 homes for sale in September 2024, a 4.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 5665
+16.1%
3 136149
+9.6%
4 8287
+6.1%
5+ 5847
-19.0%

Summary: The 80538 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 19%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7855-29.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

18 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. 43.6% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 80538 in September 2024, down by 29.5% month-over-month. Of the 55 sold homes, 44% were sold under asking, 33% were sold at asking, and 24% 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

Sep 2023Sep 2024CHANGE
30 Days26 Days-12.1%

Summary: Homes in 80538 had an average of 26 days on market in Sep 2024, down by 12.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

2 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 September 2024, 55 homes were sold in 80538; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% 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 29 Days Ago

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