Is Broomfield, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broomfield has remained a Seller's Market.
Housing Prices in Broomfield, CO
How much do homes in Broomfield, CO cost?
Median Sold Price
$624,531
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broomfield was $624,531 in April 2024, up 0.8% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $347.2K | +11.1% |
2 Bedrooms | $524K | $550K | +5.0% |
3 Bedrooms | $575K | $572.7K | -0.4% |
4 Bedrooms | $662.2K | $673.7K | +1.7% |
5+ Bedrooms | $870K | $927K | +6.6% |
Summary: Broomfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Lafayette | $735.8K | $742.7K | +0.9% |
Broomfield | $619.3K | $624.5K | +0.8% |
Westminster | $539.6K | $543.8K | +0.8% |
Lafayette-Louisville | $795K | $794.8K | 0% |
Louisville | $855K | $850K | -0.6% |
Housing Supply in Broomfield, CO
How many homes are available in Broomfield, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
301 | 390 | +29.6% |
Summary: The Broomfield real estate market had 390 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 56 | 69 | +23.2% |
3 Bedrooms | 89 | 124 | +39.3% |
4 Bedrooms | 99 | 125 | +26.3% |
5+ Bedrooms | 54 | 68 | +25.9% |
Summary: The Broomfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 105 | +110.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Broomfield in April 2024, up by 110.0% month-over-month. Of the 105 sold homes, 32% were sold under asking, 31% were sold at asking, and 36% were sold over asking.
Days on Market for Broomfield, CO
How long does it take to sell a home in Broomfield, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 37 Days | +78.8% |
Summary: Homes in Broomfield had an average of 37 days on market in Apr 2024, up by 78.8% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 105 homes were sold in Broomfield; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.