Is 80601, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80601 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80601 has remained a Seller's Market.

Key Takeaway

80601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80601, CO

How much do homes in 80601, CO cost?

Median Sold Price

$519,357

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,357(+3.9%)

Key Takeaway

Homes in 80601 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 80601 was $519,357 in May 2024, up 3.9% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $375K$367.5K
-2.0%
3 $474K$499.9K
+5.5%
4 $543.1K$558.5K
+2.8%
5+ $568.7K$580K
+2.0%

Summary: 80601 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

80601
+3.9%
80602
+3.8%
80603
+2.0%
80640
-1.4%

Housing Supply in 80601, CO

How many homes are available in 80601, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
276329+19.2%

Summary: The 80601 real estate market had 329 homes for sale in May 2024, a 19.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1721
+23.5%
3 128147
+14.8%
4 94102
+8.5%
5+ 3759
+59.5%

Summary: The 80601 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 59.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5177+51.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80601, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in 80601 in May 2024, up by 51.0% month-over-month. Of the 77 sold homes, 26% were sold under asking, 45% were sold at asking, and 29% were sold over asking.

Days on Market for 80601, CO

How long does it take to sell a home in 80601, CO?

Average Sale Time

May 2023May 2024CHANGE
36 Days43 Days+17.2%

Summary: Homes in 80601 had an average of 43 days on market in May 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80601 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 77 homes were sold in 80601; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 10 Days Ago

Newest Listings in 80601, CO

Nearby Markets to 80601, CO