Is 80120, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 80120 has remained a Seller's Market.
Key Takeaway
80120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80120, CO
How much do homes in 80120, CO cost?
Median Sold Price
$659,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 80120 has remained the same since last year.
Summary: The median home sold price in 80120 was $659,000 in April 2024, down 0.2% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $285.2K | +17.6% |
| 2 Bedrooms | $474.9K | $475K | 0.0% |
| 3 Bedrooms | $630K | $590K | -6.3% |
| 4 Bedrooms | $690K | $750K | +8.7% |
| 5+ Bedrooms | $837.5K | $850K | +1.5% |
Summary: 80120 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 80120, CO
How many homes are available in 80120, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 91 | +56.9% |
Summary: The 80120 real estate market had 91 homes for sale in April 2024, a 56.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 18 | 27 | +50.0% |
| 5+ Bedrooms | 17 | 26 | +52.9% |
Summary: The 80120 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 52.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 25 | +212.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80120, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 80120 in April 2024, up by 212.5% month-over-month. Of the 25 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% were sold over asking.
Days on Market for 80120, CO
How long does it take to sell a home in 80120, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 10 Days | +9.6% |
Summary: Homes in 80120 had an average of 10 days on market in Apr 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 80120 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 80120; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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