Is 80121, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80121 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80121 was a Neutral Market.

Key Takeaway

80121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80121, CO

How much do homes in 80121, CO cost?

Median Sold Price

$817,000

$358/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$67,000(+8.9%)

Key Takeaway

Homes in 80121 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 80121 was $817,000 in April 2024, up 8.9% from last year, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $555K$525K
-5.4%
3 $616K$677.5K
+10.0%
4 $760K$842.5K
+10.9%
5+ $1.8M$2.2M
+24.3%

Summary: 80121 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 24.3%.

Median Sold Price Compared To Nearby Zip Codes

80113
+16.6%
80121
+8.9%
80111
+2.2%
80122
-0.1%
80120
-0.2%

Housing Supply in 80121, CO

How many homes are available in 80121, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5478+44.4%

Summary: The 80121 real estate market had 78 homes for sale in April 2024, a 44.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1723
+35.3%
4 1521
+40.0%
5+ 1930
+57.9%

Summary: The 80121 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 57.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
525+400.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80121, you could pay more than the asking price. 48% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 80121 in April 2024, up by 400.0% month-over-month. Of the 25 sold homes, 20% were sold under asking, 32% were sold at asking, and 48% were sold over asking.

Days on Market for 80121, CO

How long does it take to sell a home in 80121, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days23 Days+156.4%

Summary: Homes in 80121 had an average of 23 days on market in Apr 2024, up by 156.4% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80121 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 80121; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

Newest Listings in 80121, CO

Nearby Markets to 80121, CO