$3,444 Closing Credit*
$290,000
1,120 SqFt
3 Beds
•2 Full Baths
Glenn Ribble, Listing Office: Keller Williams Realty NoCo
Is 80816, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 80816 has remained a Buyer's Market.
Key Takeaway
80816 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 80816, CO
How much do homes in 80816, CO cost?
Median Sold Price
$475,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-7.8%)
Key Takeaway
Homes in 80816 have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in 80816 was $475,000 in October 2024, down 7.8% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $289.5K | -12.3% |
| 2 Bedrooms | $439K | $387.5K | -11.7% |
| 3 Bedrooms | $500.7K | $510K | +1.8% |
| 4 Bedrooms | $590K | $535K | -9.3% |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: 80816 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes did not change.
Housing Supply in 80816, CO
How many homes are available in 80816, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 129 | +14.2% |
Summary: The 80816 real estate market had 129 homes for sale in October 2024, a 14.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 60 | 74 | +23.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 80816 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 increased by 23.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 80816, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 80816 in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 80816, CO
How long does it take to sell a home in 80816, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 45 Days | +55.2% |
Summary: Homes in 80816 had an average of 45 days on market in Oct 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80816 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 80816; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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