Is 81201, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81201 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 81201 was a Seller's Market.

Key Takeaway

81201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 81201, CO

How much do homes in 81201, CO cost?

Median Sold Price

$664,500

$363/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$109,500(-14.1%)

Key Takeaway

Homes in 81201 have sold for 14.1% less than they did a month ago.

Summary: The median home sold price in 81201 was $664,500 in November 2024, down 14.1% from last month, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$479K
N/A
3 $699K$664.5K
-4.9%
4 $1.0M$722.4K
-34.3%
5+ $1.0M$1.0M
-3.4%

Summary: 81201 housing prices by bedroom type for November 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 decreased by 4.9%, 4 bedroom homes decreased by 34.3%, and 5+ bedroom homes decreased by 3.4%.

Housing Supply in 81201, CO

How many homes are available in 81201, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
124117-5.6%

Summary: The 81201 real estate market had 117 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 2122
+4.8%
3 7266
-8.3%
4 1918
-5.3%
5+ 64
-33.3%

Summary: The 81201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81201, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 81201 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for 81201, CO

How long does it take to sell a home in 81201, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
87 Days85 Days-2.4%

Summary: Homes in 81201 had an average of 85 days on market in Nov 2024, down by 2.4% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 81201 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 16 homes were sold in 81201; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% 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 17 Days Ago

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