Is 80231, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80231 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80231 was a Seller's Market.

Key Takeaway

80231 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 80231, CO

How much do homes in 80231, CO cost?

Median Sold Price

$490,000

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$59,000(+13.7%)

Key Takeaway

Homes in 80231 have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in 80231 was $490,000 in April 2024, up 13.7% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $209K$202.5K
-3.1%
2 $360K$334K
-7.2%
3 $545K$520K
-4.6%
4 $695K$699.9K
+0.7%
5+ $802.5K$730K
-9.0%

Summary: 80231 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Zip Codes

80237
+47.7%
80231
+13.7%
80014
+3.0%
80224
-2.4%
80247
-11.1%

Housing Supply in 80231, CO

How many homes are available in 80231, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
87121+39.1%

Summary: The 80231 real estate market had 121 homes for sale in April 2024, a 39.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1623
+43.8%
2 2639
+50.0%
3 2027
+35.0%
4 1823
+27.8%
5+ 79
+28.6%

Summary: The 80231 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1120+81.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80231, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 80231 in April 2024, up by 81.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 80231, CO

How long does it take to sell a home in 80231, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
13 Days35 Days+160.0%

Summary: Homes in 80231 had an average of 35 days on market in Apr 2024, up by 160% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80231 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 20 homes were sold in 80231; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% 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 10 Days Ago

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