Is 80018, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80018 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80018 has remained a Seller's Market.

Key Takeaway

80018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80018, CO

How much do homes in 80018, CO cost?

Median Sold Price

$565,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$15,000(-2.6%)

Key Takeaway

Homes in 80018 have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in 80018 was $565,000 in April 2024, down 2.6% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $476.7K$400K
-16.1%
3 $552.5K$531.2K
-3.8%
4 $600.5K$599K
-0.2%
5+ $650K$620K
-4.6%

Summary: 80018 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 16.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

80011
+3.5%
80018
-2.6%
80013
-2.7%
80017
-7.4%

Housing Supply in 80018, CO

How many homes are available in 80018, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
130158+21.5%

Summary: The 80018 real estate market had 158 homes for sale in April 2024, a 21.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1619
+18.8%
3 5975
+27.1%
4 4751
+8.5%
5+ 813
+62.5%

Summary: The 80018 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 18.8%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1241+241.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80018, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 80018 in April 2024, up by 241.7% month-over-month. Of the 41 sold homes, 41% were sold under asking, 37% were sold at asking, and 22% were sold over asking.

Days on Market for 80018, CO

How long does it take to sell a home in 80018, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days42 Days-26.8%

Summary: Homes in 80018 had an average of 42 days on market in Apr 2024, down by 26.8% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80018 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 41 homes were sold in 80018; 71% of homes were sold within 30 days, 17% 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 2 Days Ago

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