Is 80205, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80205 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 80205 was a Seller's Market.

Key Takeaway

80205 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80205, CO

How much do homes in 80205, CO cost?

Median Sold Price

$626,416

$461/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$36,776(-5.5%)

Key Takeaway

Homes in 80205 have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in 80205 was $626,416 in March 2024, down 5.5% from last year, and the median price per square foot was $461.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $417K$400K
-4.1%
2 $599.9K$561K
-6.5%
3 $760K$668K
-12.1%
4 $882K$796.5K
-9.7%
5+ $1.1M$917.5K
-16.6%

Summary: 80205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 16.6%.

Median Sold Price Compared To Nearby Zip Codes

80218
+1.8%
80216
-1.4%
80206
-3.1%
80205
-5.5%
80202
-12.1%

Housing Supply in 80205, CO

How many homes are available in 80205, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
174222+27.6%

Summary: The 80205 real estate market had 222 homes for sale in March 2024, a 27.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3750
+35.1%
2 6270
+12.9%
3 4561
+35.6%
4 2230
+36.4%
5+ 811
+37.5%

Summary: The 80205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 35.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3036+20.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80205, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 36 homes were sold or pending in 80205 in March 2024, up by 20.0% month-over-month. Of the 36 sold homes, 28% were sold under asking, 42% were sold at asking, and 31% were sold over asking.

Days on Market for 80205, CO

How long does it take to sell a home in 80205, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
20 Days19 Days-7.8%

Summary: Homes in 80205 had an average of 19 days on market in Mar 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80205 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 36 homes were sold in 80205; 78% of homes were sold within 30 days, 14% 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 23 Days Ago

Newest Listings in 80205, CO

Nearby Markets to 80205, CO