Is 80128, 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, 80128 has remained a Seller's Market.
Key Takeaway
80128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80128, CO
How much do homes in 80128, CO cost?
Median Sold Price
$592,187
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 80128 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 80128 was $592,187 in March 2024, up 3.8% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $282K | -9.0% |
| 2 Bedrooms | $395K | $396K | 0.3% |
| 3 Bedrooms | $550K | $554K | +0.7% |
| 4 Bedrooms | $667K | $680K | +1.9% |
| 5+ Bedrooms | $740K | $878.7K | +18.8% |
Summary: 80128 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 80128, CO
How many homes are available in 80128, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 161 | +15.0% |
Summary: The 80128 real estate market had 161 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 23 | 31 | +34.8% |
| 3 Bedrooms | 50 | 51 | +2.0% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The 80128 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Asking Price vs. Sold Price
19 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 80128, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in 80128 in March 2024, up by 5.0% month-over-month. Of the 63 sold homes, 30% were sold under asking, 19% were sold at asking, and 51% were sold over asking.
Days on Market for 80128, CO
How long does it take to sell a home in 80128, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -14.1% |
Summary: Homes in 80128 had an average of 22 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80128 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 63 homes were sold in 80128; 84% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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