Is 80128, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80128 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80128 has remained a Seller's Market.

Key Takeaway

80128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80128, CO

How much do homes in 80128, CO cost?

Median Sold Price

$600,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+2.6%)

Key Takeaway

Homes in 80128 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 80128 was $600,000 in May 2024, up 2.6% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $255K$324K
+27.1%
2 $382.5K$423.5K
+10.7%
3 $563K$557K
-1.1%
4 $662.5K$685K
+3.4%
5+ $775K$939K
+21.2%

Summary: 80128 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 21.2%.

Median Sold Price Compared To Nearby Zip Codes

80120
+3.1%
80128
+2.6%
80123
+2.5%
80127
+1.1%
80125
-1.5%

Housing Supply in 80128, CO

How many homes are available in 80128, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
134163+21.6%

Summary: The 80128 real estate market had 163 homes for sale in May 2024, a 21.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 47
+75.0%
2 3943
+10.3%
3 3542
+20.0%
4 3949
+25.6%
5+ 1722
+29.4%

Summary: The 80128 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4249+16.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80128, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 80128 in May 2024, up by 16.7% month-over-month. Of the 49 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% were sold over asking.

Days on Market for 80128, CO

How long does it take to sell a home in 80128, CO?

Average Sale Time

May 2023May 2024CHANGE
8 Days11 Days+43.8%

Summary: Homes in 80128 had an average of 11 days on market in May 2024, up by 43.8% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80128 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 49 homes were sold in 80128; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 80128, CO

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