Is 80620, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80620 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80620 has remained a Seller's Market.

Key Takeaway

80620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80620, CO

How much do homes in 80620, CO cost?

Median Sold Price

$389,750

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$750(+0.2%)

Key Takeaway

The sold price of homes in 80620 has remained the same since last year.

Summary: The median home sold price in 80620 was $389,750 in October 2024, up 0.2% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $251K$267.7K
+6.7%
2 $299.9K$306.9K
+2.3%
3 $385K$390K
+1.3%
4 $400K$395K
-1.3%
5+ $437.5K$430K
-1.7%

Summary: 80620 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

80634
+3.5%
80620
0.2%
80631
0.2%
80645
-8.4%

Housing Supply in 80620, CO

How many homes are available in 80620, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8084+5.0%

Summary: The 80620 real estate market had 84 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2025
+25.0%
3 2526
+4.0%
4 2420
-16.7%
5+ 1011
+10.0%

Summary: The 80620 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80620, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in 80620 in October 2024, down by 23.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 50% were sold at asking, and 6% were sold over asking.

Days on Market for 80620, CO

How long does it take to sell a home in 80620, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days68 Days+75.6%

Summary: Homes in 80620 had an average of 68 days on market in Oct 2024, up by 75.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80620 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 80620; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 14 Days Ago

Newest Listings in 80620, CO

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