Is 80206, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80206 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80206 was a Seller's Market.

Key Takeaway

80206 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 80206, CO

How much do homes in 80206, CO cost?

Median Sold Price

$1,001,000

$491/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$112,000(-10.1%)

Key Takeaway

Homes in 80206 have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in 80206 was $1,001,000 in April 2024, down 10.1% from last year, and the median price per square foot was $491.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $315K$354.7K
+12.6%
2 $685K$770K
+12.4%
3 $1.1M$1.0M
-3.0%
4 $1.3M$1.3M
+3.3%
5+ $1.5M$1.6M
+5.8%

Summary: 80206 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

80218
+17.9%
80209
+15.0%
80220
-4.8%
80205
-5.8%
80206
-10.1%

Housing Supply in 80206, CO

How many homes are available in 80206, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
82137+67.1%

Summary: The 80206 real estate market had 137 homes for sale in April 2024, a 67.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1118
+63.6%
2 1626
+62.5%
3 2641
+57.7%
4 2237
+68.2%
5+ 715
+114.3%

Summary: The 80206 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 57.7%, 4 bedroom homes increased by 68.2%, and 5+ bedroom homes increased by 114.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1021+110.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80206, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 80206 in April 2024, up by 110.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 80206, CO

How long does it take to sell a home in 80206, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days39 Days+172.6%

Summary: Homes in 80206 had an average of 39 days on market in Apr 2024, up by 172.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80206 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 21 homes were sold in 80206; 67% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% 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 5 Days Ago

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