Is 80109, 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, 80109 has remained a Seller's Market.
Key Takeaway
80109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80109, CO
How much do homes in 80109, CO cost?
Median Sold Price
$655,254
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 80109 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 80109 was $655,254 in March 2024, up 0.6% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $555K | $530.3K | -4.4% |
| 3 Bedrooms | $584.9K | $575K | -1.7% |
| 4 Bedrooms | $699.4K | $725K | +3.6% |
| 5+ Bedrooms | $850K | $825.9K | -2.8% |
Summary: 80109 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 decreased by 4.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 80109, CO
How many homes are available in 80109, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 202 | +23.9% |
Summary: The 80109 real estate market had 202 homes for sale in March 2024, a 23.9% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 56 | 63 | +12.5% |
| 4 Bedrooms | 64 | 92 | +43.8% |
| 5+ Bedrooms | 32 | 37 | +15.6% |
Summary: The 80109 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 9.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 65 | +38.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80109, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in 80109 in March 2024, up by 38.3% month-over-month. Of the 65 sold homes, 32% were sold under asking, 18% were sold at asking, and 49% were sold over asking.
Days on Market for 80109, CO
How long does it take to sell a home in 80109, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 21 Days | -48.0% |
Summary: Homes in 80109 had an average of 21 days on market in Mar 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80109 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 65 homes were sold in 80109; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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