Is 80116, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 80116 was a Seller's Market.
Key Takeaway
80116 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 80116, CO
How much do homes in 80116, CO cost?
Median Sold Price
$1,214,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 80116 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 80116 was $1,214,000 in March 2024, down 0.9% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $640K | $967.5K | +51.2% |
| 3 Bedrooms | $1.0M | $849K | -19.9% |
| 4 Bedrooms | $1.2M | $1.2M | +7.5% |
| 5+ Bedrooms | $1.3M | $1.3M | +4.7% |
Summary: 80116 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 51.2%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 80116, CO
How many homes are available in 80116, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Summary: The 80116 real estate market had 58 homes for sale in March 2024, a 18.4% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 80116 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80116, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 80116 in March 2024, down by 63.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 80116, CO
How long does it take to sell a home in 80116, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 110 Days | 103 Days | -6.5% |
Summary: Homes in 80116 had an average of 103 days on market in Mar 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 80116 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in 80116; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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