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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80550 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 80550 has remained a Neutral Market.

Key Takeaway

80550 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 80550, CO

How much do homes in 80550, CO cost?

Median Sold Price

$567,967

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,086(+7.0%)

Key Takeaway

Homes in 80550 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 80550 was $567,967 in November 2024, up 7% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350.8K$357.5K
+1.9%
2 $410K$399K
-2.7%
3 $480.5K$493.5K
+2.7%
4 $565K$582K
+3.0%
5+ $685K$715.4K
+4.4%

Summary: 80550 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

80550
+7.0%
80525
0.4%
80528
-6.5%

Housing Supply in 80550, CO

How many homes are available in 80550, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
444430-3.2%

Summary: The 80550 real estate market had 430 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1920
+5.3%
3 133120
-9.8%
4 178179
+0.6%
5+ 113109
-3.5%

Summary: The 80550 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8566-22.4%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

11 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. 42.4% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in 80550 in November 2024, down by 22.4% month-over-month. Of the 66 sold homes, 42% were sold under asking, 41% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
47 Days58 Days+23.3%

Summary: Homes in 80550 had an average of 58 days on market in Nov 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

14 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 November 2024, 66 homes were sold in 80550; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% 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 21 Days Ago

Newest Listings in 80550, CO

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