Is 80107, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 80107 has remained a Seller's Market.
Key Takeaway
80107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80107, CO
How much do homes in 80107, CO cost?
Median Sold Price
$645,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 80107 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 80107 was $645,000 in March 2024, down 3.2% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $499.9K | $532.5K | +6.5% |
| 3 Bedrooms | $589.4K | $575K | -2.5% |
| 4 Bedrooms | $668.2K | $647K | -3.2% |
| 5+ Bedrooms | $815K | $780K | -4.3% |
Summary: 80107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 80107, CO
How many homes are available in 80107, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 128 | +6.7% |
Summary: The 80107 real estate market had 128 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 40 | 49 | +22.5% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The 80107 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80107, 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 80107 in March 2024, down by 28.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for 80107, CO
How long does it take to sell a home in 80107, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 102 Days | 75 Days | -25.7% |
Summary: Homes in 80107 had an average of 75 days on market in Mar 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 80107 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 23 homes were sold in 80107; 30% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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