Is 80004, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80004 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80004 has remained a Seller's Market.

Key Takeaway

80004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80004, CO

How much do homes in 80004, CO cost?

Median Sold Price

$645,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,500(+1.7%)

Key Takeaway

Homes in 80004 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 80004 was $645,000 in May 2024, up 1.7% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $330K$415.2K
+25.8%
2 $439.5K$460K
+4.7%
3 $610K$600K
-1.6%
4 $645K$661.5K
+2.6%
5+ $690K$685K
-0.7%

Summary: 80004 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

80002
+4.5%
80005
+1.8%
80003
+1.8%
80004
+1.7%
80007
-3.7%

Housing Supply in 80004, CO

How many homes are available in 80004, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
127162+27.6%

Summary: The 80004 real estate market had 162 homes for sale in May 2024, a 27.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 4049
+22.5%
4 4458
+31.8%
5+ 2939
+34.5%

Summary: The 80004 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 34.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4448+9.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80004, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in 80004 in May 2024, up by 9.1% month-over-month. Of the 48 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for 80004, CO

How long does it take to sell a home in 80004, CO?

Average Sale Time

May 2023May 2024CHANGE
14 Days16 Days+14.4%

Summary: Homes in 80004 had an average of 16 days on market in May 2024, up by 14.4% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80004 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 48 homes were sold in 80004; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% 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 1 Day Ago

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