Is 80615, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80615 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 80615 has remained a Seller's Market.

Key Takeaway

80615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80615, CO

How much do homes in 80615, CO cost?

Median Sold Price

$497,500

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,385(+4.9%)

Key Takeaway

Homes in 80615 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 80615 was $497,500 in November 2024, up 4.9% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$272.5K
N/A
2 $366.5K$410K
+11.9%
3 $425K$495K
+16.5%
4 $490K$497.8K
+1.6%
5+ $567K$679K
+19.8%

Summary: 80615 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 19.8%.

Median Sold Price Compared To Nearby Zip Codes

80615
+4.9%
80631
+2.5%

Housing Supply in 80615, CO

How many homes are available in 80615, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4751+8.5%

Summary: The 80615 real estate market had 51 homes for sale in November 2024, a 8.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1517
+13.3%
4 1112
+9.1%
5+ 1416
+14.3%

Summary: The 80615 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80615, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 80615 in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for 80615, CO

How long does it take to sell a home in 80615, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days53 Days+95.8%

Summary: Homes in 80615 had an average of 53 days on market in Nov 2024, up by 95.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80615 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 80615; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% 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 17 Days Ago

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