Is 80904, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80904 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80904 has remained a Buyer's Market.

Key Takeaway

80904 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80904, CO

How much do homes in 80904, CO cost?

Median Sold Price

$315,000

$274/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$185,000(-37.0%)

Key Takeaway

Homes in 80904 have sold for 37% less than they did a month ago.

Summary: The median home sold price in 80904 was $315,000 in October 2024, down 37% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$305.9K
N/A
3 $395K$782.5K
+98.1%
4 $565K-
N/A
5+ --
N/A

Summary: 80904 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 did not change, 3 bedroom homes increased by 98.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80905
+15.5%
80919
+12.4%
80907
-33.9%
80904
-37.0%

Housing Supply in 80904, CO

How many homes are available in 80904, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97140+44.3%

Summary: The 80904 real estate market had 140 homes for sale in October 2024, a 44.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 310
+233.3%
2 2839
+39.3%
3 2936
+24.1%
4 2238
+72.7%
5+ 1517
+13.3%

Summary: The 80904 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 233.3%, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80904, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 80904 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 80904, CO

How long does it take to sell a home in 80904, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
45 Days40 Days-10.2%

Summary: Homes in 80904 had an average of 40 days on market in Oct 2024, down by 10.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80904 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 80904; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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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