Is 80003, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80003 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80003 has remained a Seller's Market.

Key Takeaway

80003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80003, CO

How much do homes in 80003, CO cost?

Median Sold Price

$541,273

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,226(-1.1%)

Key Takeaway

Homes in 80003 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 80003 was $541,273 in March 2024, down 1.1% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $299K$280K
-6.4%
2 $369.5K$361K
-2.3%
3 $545K$525K
-3.7%
4 $585K$590K
+0.9%
5+ $605K$615K
+1.7%

Summary: 80003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

80002
0.0%
80221
-0.2%
80030
-0.9%
80003
-1.1%
80031
-1.1%

Housing Supply in 80003, CO

How many homes are available in 80003, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
147161+9.5%

Summary: The 80003 real estate market had 161 homes for sale in March 2024, a 9.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2839
+39.3%
3 4942
-14.3%
4 4255
+31.0%
5+ 2724
-11.1%

Summary: The 80003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 39.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 31%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4849+2.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80003, you could pay more than the asking price. 55.1% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in 80003 in March 2024, up by 2.1% month-over-month. Of the 49 sold homes, 20% were sold under asking, 24% were sold at asking, and 55% were sold over asking.

Days on Market for 80003, CO

How long does it take to sell a home in 80003, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days26 Days-18.5%

Summary: Homes in 80003 had an average of 26 days on market in Mar 2024, down by 18.5% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80003 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 49 homes were sold in 80003; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% 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 26 Days Ago

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