Is 81004, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81004 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 81004 has remained a Buyer's Market.

Key Takeaway

81004 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 81004, CO

How much do homes in 81004, CO cost?

Median Sold Price

$232,000

$189/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$28,000(-10.8%)

Key Takeaway

Homes in 81004 have sold for 10.8% less than they did a month ago.

Summary: The median home sold price in 81004 was $232,000 in October 2024, down 10.8% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$110K
N/A
2 $195K$188.7K
-3.2%
3 $239.9K$515K
+114.6%
4 $275K-
N/A
5+ $525K-
N/A

Summary: 81004 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 3.2%, 3 bedroom homes increased by 114.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

81004
-10.8%
81005
-24.0%

Housing Supply in 81004, CO

How many homes are available in 81004, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7275+4.2%

Summary: The 81004 real estate market had 75 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2018
-10.0%
3 2125
+19.0%
4 2224
+9.1%
5+ 87
-12.5%

Summary: The 81004 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 decreased by 10%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81004, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 81004 in October 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 81004, CO

How long does it take to sell a home in 81004, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
63 Days68 Days+8.4%

Summary: Homes in 81004 had an average of 68 days on market in Oct 2024, up by 8.4% compared to last month.

Breakdown of Home Sale Times

3 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 81004 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 81004; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 4 Days Ago

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