Is 80651, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80651 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 80651 has remained a Seller's Market.

Key Takeaway

80651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80651, CO

How much do homes in 80651, CO cost?

Median Sold Price

$450,000

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$37,000(-7.6%)

Key Takeaway

Homes in 80651 have sold for 7.6% less than they did a year ago.

Summary: The median home sold price in 80651 was $450,000 in October 2024, down 7.6% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$580K
N/A
2 $335K$365K
+9.0%
3 $410K$415K
+1.2%
4 $799.9K$525K
-34.4%
5+ $752.4K$640K
-14.9%

Summary: 80651 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 9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

80534
+4.2%
80543
+3.8%
80651
-7.6%
80542
-10.2%

Housing Supply in 80651, CO

How many homes are available in 80651, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3835-7.9%

Summary: The 80651 real estate market had 35 homes for sale in October 2024, a 7.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1816
-11.1%
4 66
0.0%
5+ 1110
-9.1%

Summary: The 80651 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80651, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 80651 in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.

Days on Market for 80651, CO

How long does it take to sell a home in 80651, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days42 Days+15.6%

Summary: Homes in 80651 had an average of 42 days on market in Oct 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80651 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 80651; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in 80651, CO

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