Is 80005, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80005 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80005 has remained a Seller's Market.

Key Takeaway

80005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80005, CO

How much do homes in 80005, CO cost?

Median Sold Price

$632,625

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,917(-1.7%)

Key Takeaway

Homes in 80005 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 80005 was $632,625 in March 2024, down 1.7% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $262.5K$274.5K
+4.6%
2 $400K$403K
+0.8%
3 $625K$597.6K
-4.4%
4 $683.6K$705K
+3.1%
5+ $795.3K$850K
+6.9%

Summary: 80005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

80004
+2.1%
80021
-0.8%
80003
-1.1%
80005
-1.7%
80007
-4.5%

Housing Supply in 80005, CO

How many homes are available in 80005, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
127177+39.4%

Summary: The 80005 real estate market had 177 homes for sale in March 2024, a 39.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 87
-12.5%
2 2440
+66.7%
3 3247
+46.9%
4 3958
+48.7%
5+ 2425
+4.2%

Summary: The 80005 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 46.9%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2652+100.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80005, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 80005 in March 2024, up by 100.0% month-over-month. Of the 52 sold homes, 42% were sold under asking, 15% were sold at asking, and 42% were sold over asking.

Days on Market for 80005, CO

How long does it take to sell a home in 80005, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days36 Days+37.6%

Summary: Homes in 80005 had an average of 36 days on market in Mar 2024, up by 37.6% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80005 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 52 homes were sold in 80005; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 12% 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 28 Days Ago

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