Is 80534, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80534 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80534 has remained a Seller's Market.

Key Takeaway

80534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80534, CO

How much do homes in 80534, CO cost?

Median Sold Price

$525,263

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,263(+2.6%)

Key Takeaway

Homes in 80534 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 80534 was $525,263 in May 2024, up 2.6% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $325K$900K
+176.9%
2 $442K$416.5K
-5.8%
3 $480K$484.9K
+1.0%
4 $525K$565K
+7.6%
5+ $600K$600K
0.0%

Summary: 80534 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 176.9%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80534
+2.6%
80550
+0.8%
80513
-2.9%
80543
-4.5%
80651
-5.0%

Housing Supply in 80534, CO

How many homes are available in 80534, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
201237+17.9%

Summary: The 80534 real estate market had 237 homes for sale in May 2024, a 17.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 100116
+16.0%
4 6477
+20.3%
5+ 2938
+31.0%

Summary: The 80534 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 decreased by 25%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 31%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3249+53.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80534, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 49 homes were sold or pending in 80534 in May 2024, up by 53.1% month-over-month. Of the 49 sold homes, 24% were sold under asking, 57% were sold at asking, and 18% were sold over asking.

Days on Market for 80534, CO

How long does it take to sell a home in 80534, CO?

Average Sale Time

May 2023May 2024CHANGE
52 Days56 Days+8.4%

Summary: Homes in 80534 had an average of 56 days on market in May 2024, up by 8.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80534 has remained consistent over time.

Summary: During May 2024, 49 homes were sold in 80534; 29% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 20% 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 80534, CO

Nearby Markets to 80534, CO