Is 80302, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80302 is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 80302 was a Seller's Market.

Key Takeaway

80302 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80302, CO

How much do homes in 80302, CO cost?

Median Sold Price

$1,208,626

$667/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$101,373(-7.7%)

Key Takeaway

Homes in 80302 have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in 80302 was $1,208,626 in May 2024, down 7.7% from last year, and the median price per square foot was $667.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $451.5K$439.1K
-2.7%
2 $912.5K$834.5K
-8.5%
3 $1.4M$1.1M
-18.3%
4 $2.0M$1.6M
-18.6%
5+ $3.2M$1.8M
-43.6%

Summary: 80302 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 43.6%.

Median Sold Price Compared To Nearby Zip Codes

80304
+9.9%
80302
-7.7%

Housing Supply in 80302, CO

How many homes are available in 80302, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
191234+22.5%

Summary: The 80302 real estate market had 234 homes for sale in May 2024, a 22.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2024
+20.0%
2 4451
+15.9%
3 4865
+35.4%
4 4048
+20.0%
5+ 3946
+17.9%

Summary: The 80302 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 35.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 17.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3725-32.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80302, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 80302 in May 2024, down by 32.4% month-over-month. Of the 25 sold homes, 68% were sold under asking, 20% were sold at asking, and 12% were sold over asking.

Days on Market for 80302, CO

How long does it take to sell a home in 80302, CO?

Average Sale Time

May 2023May 2024CHANGE
39 Days36 Days-5.8%

Summary: Homes in 80302 had an average of 36 days on market in May 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80302 has remained consistent over time.

Summary: During May 2024, 25 homes were sold in 80302; 40% of homes were sold within 30 days, 60% 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

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