Is 80547, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80547 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 80547 was a Seller's Market.

Key Takeaway

80547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80547, CO

How much do homes in 80547, CO cost?

Median Sold Price

$1,267,500

$329/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$592,500(-31.9%)

Key Takeaway

Homes in 80547 have sold for 31.9% less than they did a month ago.

Summary: The median home sold price in 80547 was $1,267,500 in October 2024, down 31.9% from last month, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $576.1K-
N/A
4 $2.5M$1.7M
-33.5%
5+ $1.8M$810K
-55.4%

Summary: 80547 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 33.5%, and 5+ bedroom homes decreased by 55.4%.

Housing Supply in 80547, CO

How many homes are available in 80547, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2524-4.0%

Summary: The 80547 real estate market had 24 homes for sale in October 2024, a 4.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 88
0.0%
5+ 1212
0.0%

Summary: The 80547 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80547, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 80547 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 80547, CO

How long does it take to sell a home in 80547, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days47 Days+183.1%

Summary: Homes in 80547 had an average of 47 days on market in Oct 2024, up by 183.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80547 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 80547; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in 80547, CO

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