Is 80863, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80863 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80863 has remained a Buyer's Market.

Key Takeaway

80863 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80863, CO

How much do homes in 80863, CO cost?

Median Sold Price

$537,500

$265/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$119,150(-18.1%)

Key Takeaway

Homes in 80863 have sold for 18.1% less than they did a month ago.

Summary: The median home sold price in 80863 was $537,500 in October 2024, down 18.1% from last month, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$403K
N/A
2 $485K$410.1K
-15.4%
3 $590K$500K
-15.3%
4 $755K$657K
-13.0%
5+ $950K$888K
-6.5%

Summary: 80863 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

80819
-12.4%
80921
-17.6%
80863
-18.1%
80814
-23.7%

Housing Supply in 80863, CO

How many homes are available in 80863, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203229+12.8%

Summary: The 80863 real estate market had 229 homes for sale in October 2024, a 12.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 2428
+16.7%
3 8692
+7.0%
4 5562
+12.7%
5+ 3341
+24.2%

Summary: The 80863 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 24.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80863, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 80863 in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for 80863, CO

How long does it take to sell a home in 80863, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
58 Days60 Days+2.6%

Summary: Homes in 80863 had an average of 60 days on market in Oct 2024, up by 2.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80863 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 80863; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% 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 16 Days Ago

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