Is 80550, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80550 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80550 has remained a Seller's Market.

Key Takeaway

80550 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80550, CO

How much do homes in 80550, CO cost?

Median Sold Price

$565,551

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,082(+6.4%)

Key Takeaway

Homes in 80550 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 80550 was $565,551 in October 2024, up 6.4% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350.9K$350.8K
0%
2 $408.9K$396.6K
-3.0%
3 $484.2K$490K
+1.2%
4 $560.5K$581K
+3.7%
5+ $699.5K$717.5K
+2.6%

Summary: 80550 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 decreased by 3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

80550
+6.4%
80525
+1.4%
80528
-8.7%

Housing Supply in 80550, CO

How many homes are available in 80550, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
445472+6.1%

Summary: The 80550 real estate market had 472 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1521
+40.0%
3 132137
+3.8%
4 186194
+4.3%
5+ 110118
+7.3%

Summary: The 80550 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 40%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7385+16.4%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80550, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in 80550 in October 2024, up by 16.4% month-over-month. Of the 85 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.

Days on Market for 80550, CO

How long does it take to sell a home in 80550, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days83 Days+86.1%

Summary: Homes in 80550 had an average of 83 days on market in Oct 2024, up by 86.1% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80550 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 85 homes were sold in 80550; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% 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 80550, CO

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