Is 81211, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81211 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 81211 was a Buyer's Market.

Key Takeaway

81211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 81211, CO

How much do homes in 81211, CO cost?

Median Sold Price

$675,000

$395/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$131,000(-16.3%)

Key Takeaway

Homes in 81211 have sold for 16.3% less than they did a year ago.

Summary: The median home sold price in 81211 was $675,000 in November 2024, down 16.3% from last year, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $2.0M-
N/A
2 $498.5K$520K
+4.3%
3 $900K$675K
-25.0%
4 $860K$863.8K
0.4%
5+ $995K$1.0M
+5.5%

Summary: 81211 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 5.5%.

Housing Supply in 81211, CO

How many homes are available in 81211, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8385+2.4%

Summary: The 81211 real estate market had 85 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 5251
-1.9%
4 1417
+21.4%
5+ 44
0.0%

Summary: The 81211 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1120+81.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81211, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 81211 in November 2024, up by 81.8% month-over-month. Of the 20 sold homes, 80% were sold under asking, 15% were sold at asking, and 5% were sold over asking.

Days on Market for 81211, CO

How long does it take to sell a home in 81211, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days77 Days+46.7%

Summary: Homes in 81211 had an average of 77 days on market in Nov 2024, up by 46.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 81211 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 81211; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 35% 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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