Is 80016, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 80016 has remained a Seller's Market.
Housing Prices in 80016, CO
How much do homes in 80016, CO cost?
Median Sold Price
$766,125
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 80016 was $766,125 in February 2024, up 1.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $460K | $470K | +2.2% |
3 Bedrooms | $625.4K | $638.2K | +2.0% |
4 Bedrooms | $775.6K | $799.9K | +3.1% |
5+ Bedrooms | $884.2K | $878.2K | -0.7% |
Summary: 80016 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 80016, CO
How many homes are available in 80016, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
273 | 338 | +23.8% |
Summary: The 80016 real estate market had 338 homes for sale in February 2024, a 23.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 67 | 86 | +28.4% |
4 Bedrooms | 90 | 116 | +28.9% |
5+ Bedrooms | 90 | 109 | +21.1% |
Summary: The 80016 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
62 | 80 | +29.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in 80016 in February 2024, up by 29.0% month-over-month. Of the 80 sold homes, 34% were sold under asking, 38% were sold at asking, and 29% were sold over asking.
Days on Market for 80016, CO
How long does it take to sell a home in 80016, CO?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
60 Days | 56 Days | -6.4% |
Summary: Homes in 80016 had an average of 56 days on market in Feb 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During February 2024, 80 homes were sold in 80016; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.