$5,332 Closing Credit*
$449,000
1,120 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jennifer Arbuckle, Listing Office: RE/MAX NORTHWEST INC
Is Broomfield, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Broomfield has remained a Seller's Market.
Key Takeaway
Broomfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broomfield, CO
How much do homes in Broomfield, CO cost?
Median Sold Price
$605,209
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,315(-1.8%)
Key Takeaway
Homes in Broomfield have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Broomfield was $605,209 in October 2024, down 1.8% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $347.5K | +12.1% |
| 2 Bedrooms | $506.8K | $504.9K | -0.4% |
| 3 Bedrooms | $567.3K | $574.8K | +1.3% |
| 4 Bedrooms | $655K | $641.5K | -2.0% |
| 5+ Bedrooms | $880K | $942K | +7.0% |
Summary: Broomfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Lafayette | $690K | $709.1K | +2.8% |
| Louisville | $832.5K | $850K | +2.1% |
| Westminster | $530K | $530.5K | 0.1% |
| Lafayette-Louisville | $776.3K | $772.6K | -0.5% |
| Broomfield | $616.5K | $605.2K | -1.8% |
Housing Supply in Broomfield, CO
How many homes are available in Broomfield, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 457 | 461 | +0.9% |
Summary: The Broomfield real estate market had 461 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 90 | 90 | 0.0% |
| 3 Bedrooms | 131 | 126 | -3.8% |
| 4 Bedrooms | 151 | 157 | +4.0% |
| 5+ Bedrooms | 80 | 82 | +2.5% |
Summary: The Broomfield 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 remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 118 | -4.8% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broomfield, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 118 homes were sold or pending in Broomfield in October 2024, down by 4.8% month-over-month. Of the 118 sold homes, 44% were sold under asking, 29% were sold at asking, and 27% were sold over asking.
Days on Market for Broomfield, CO
How long does it take to sell a home in Broomfield, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +48.1% |
Summary: Homes in Broomfield had an average of 33 days on market in Oct 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broomfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 118 homes were sold in Broomfield; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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