Is 80016, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80016 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 80016 has remained a Seller's Market.

Key Takeaway

80016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$14,574(+1.9%)

Key Takeaway

Homes in 80016 have sold for 1.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $460K$470K
+2.2%
3 $625.4K$638.2K
+2.0%
4 $775.6K$799.9K
+3.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

80111
+5.4%
80016
+1.9%
80138
-0.2%
80112
-0.3%
80015
-2.9%

Housing Supply in 80016, CO

How many homes are available in 80016, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
273338+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2627
+3.8%
3 6786
+28.4%
4 90116
+28.9%
5+ 90109
+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 2024Feb 2024CHANGE
6280+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80016, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
60 Days56 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80016 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 80016, CO

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