Is 80007, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80007 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80007 has remained a Seller's Market.

Key Takeaway

80007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80007, CO

How much do homes in 80007, CO cost?

Median Sold Price

$852,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$48,000(-5.3%)

Key Takeaway

Homes in 80007 have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in 80007 was $852,000 in April 2024, down 5.3% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$810K
N/A
2 $525K$510K
-2.9%
3 $765K$775K
+1.3%
4 $940K$875K
-6.9%
5+ $1.2M$1.0M
-12.2%

Summary: 80007 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 12.2%.

Median Sold Price Compared To Nearby Zip Codes

80004
+2.5%
80403
+1.5%
80021
0.0%
80005
-0.6%
80007
-5.3%

Housing Supply in 80007, CO

How many homes are available in 80007, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6489+39.1%

Summary: The 80007 real estate market had 89 homes for sale in April 2024, a 39.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 2130
+42.9%
4 2124
+14.3%
5+ 1323
+76.9%

Summary: The 80007 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 76.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1525+66.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80007, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 80007 in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.

Days on Market for 80007, CO

How long does it take to sell a home in 80007, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days23 Days+25.4%

Summary: Homes in 80007 had an average of 23 days on market in Apr 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80007 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 80007; 84% of homes were sold within 30 days, 8% 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 2 Days Ago

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