Is 80031, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80031 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80031 has remained a Seller's Market.

Key Takeaway

80031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80031, CO

How much do homes in 80031, CO cost?

Median Sold Price

$545,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,000(-0.9%)

Key Takeaway

Homes in 80031 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 80031 was $545,000 in April 2024, down 0.9% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $220.5K$231.5K
+5.0%
2 $375.2K$437K
+16.5%
3 $540K$518.7K
-3.9%
4 $592.5K$655K
+10.5%
5+ $670K$710K
+6.0%

Summary: 80031 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

80260
+8.3%
80003
+0.9%
80020
+0.8%
80031
-0.9%
80234
-2.2%

Housing Supply in 80031, CO

How many homes are available in 80031, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
82128+56.1%

Summary: The 80031 real estate market had 128 homes for sale in April 2024, a 56.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 36
+100.0%
2 1520
+33.3%
3 3044
+46.7%
4 2434
+41.7%
5+ 1024
+140.0%

Summary: The 80031 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 140%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1423+64.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80031, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 80031 in April 2024, up by 64.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.

Days on Market for 80031, CO

How long does it take to sell a home in 80031, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
15 Days17 Days+18.0%

Summary: Homes in 80031 had an average of 17 days on market in Apr 2024, up by 18% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80031 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 23 homes were sold in 80031; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% 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 3 Days Ago

Newest Listings in 80031, CO

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