Is 80538, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 80538 has remained a Seller's Market.
Housing Prices in 80538, CO
How much do homes in 80538, CO cost?
Median Sold Price
$509,139
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 80538 was $509,139 in May 2024, up 1.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337K | $310K | -8.0% |
2 Bedrooms | $376.6K | $387K | +2.7% |
3 Bedrooms | $489.9K | $489.9K | 0.0% |
4 Bedrooms | $541.4K | $534.5K | -1.3% |
5+ Bedrooms | $700K | $650K | -7.1% |
Summary: 80538 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 80538, CO
How many homes are available in 80538, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
245 | 319 | +30.2% |
Summary: The 80538 real estate market had 319 homes for sale in May 2024, a 30.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 42 | 55 | +31.0% |
3 Bedrooms | 100 | 124 | +24.0% |
4 Bedrooms | 62 | 90 | +45.2% |
5+ Bedrooms | 38 | 47 | +23.7% |
Summary: The 80538 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 31%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 76 | +22.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in 80538 in May 2024, up by 22.6% month-over-month. Of the 76 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for 80538, CO
How long does it take to sell a home in 80538, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 60 Days | +56.9% |
Summary: Homes in 80538 had an average of 60 days on market in May 2024, up by 56.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in 80538; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.