Is 80640, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80640 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80640 was a Seller's Market.

Key Takeaway

80640 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80640, CO

How much do homes in 80640, CO cost?

Median Sold Price

$510,000

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,500(+2.1%)

Key Takeaway

Homes in 80640 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 80640 was $510,000 in October 2024, up 2.1% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $382.2K$393.5K
+2.9%
3 $491.8K$500K
+1.7%
4 $540K$531K
-1.7%
5+ $595K$607.5K
+2.1%

Summary: 80640 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 increased by 2.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

80022
+2.9%
80640
+2.1%
80602
+1.5%
80229
+1.2%
80233
+1.0%

Housing Supply in 80640, CO

How many homes are available in 80640, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5063+26.0%

Summary: The 80640 real estate market had 63 homes for sale in October 2024, a 26.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 2431
+29.2%
4 1416
+14.3%
5+ 36
+100.0%

Summary: The 80640 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 11.1%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
155-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80640, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 80640 in October 2024, down by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 80640, CO

How long does it take to sell a home in 80640, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days30 Days+96.1%

Summary: Homes in 80640 had an average of 30 days on market in Oct 2024, up by 96.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80640 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 80640; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 80640, CO

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