Is 80218, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80218 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80218 has remained a Seller's Market.

Key Takeaway

80218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80218, CO

How much do homes in 80218, CO cost?

Median Sold Price

$577,500

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$87,500(+17.9%)

Key Takeaway

Homes in 80218 have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in 80218 was $577,500 in April 2024, up 17.9% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $315K$282.5K
-10.3%
2 $491.2K$529K
+7.7%
3 $800K$920K
+15.0%
4 $1.1M$1.3M
+18.9%
5+ $1.7M$1.6M
-5.7%

Summary: 80218 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

80218
+17.9%
80209
+15.0%
80205
-5.8%
80206
-10.1%
80203
-16.3%

Housing Supply in 80218, CO

How many homes are available in 80218, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
94130+38.3%

Summary: The 80218 real estate market had 130 homes for sale in April 2024, a 38.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2133
+57.1%
2 3145
+45.2%
3 1821
+16.7%
4 1010
0.0%
5+ 1421
+50.0%

Summary: The 80218 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 45.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1123+109.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80218, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in 80218 in April 2024, up by 109.1% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.

Days on Market for 80218, CO

How long does it take to sell a home in 80218, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days49 Days+84.7%

Summary: Homes in 80218 had an average of 49 days on market in Apr 2024, up by 84.7% compared to last year.

Breakdown of Home Sale Times

16 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 80218 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 23 homes were sold in 80218; 70% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% 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

Newest Listings in 80218, CO

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