Is 80232, 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, 80232 has remained a Seller's Market.
Key Takeaway
80232 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80232, CO
How much do homes in 80232, CO cost?
Median Sold Price
$545,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 80232 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 80232 was $545,000 in March 2024, up 3.8% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $216.5K | +4.1% |
| 2 Bedrooms | $402K | $390K | -3.0% |
| 3 Bedrooms | $512.5K | $535K | +4.4% |
| 4 Bedrooms | $572K | $569.7K | -0.4% |
| 5+ Bedrooms | $610K | $620K | +1.6% |
Summary: 80232 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 80232, CO
How many homes are available in 80232, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 124 | +47.6% |
Summary: The 80232 real estate market had 124 homes for sale in March 2024, a 47.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 24 | 49 | +104.2% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 80232 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 104.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 38 | +111.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80232, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 80232 in March 2024, up by 111.1% month-over-month. Of the 38 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for 80232, CO
How long does it take to sell a home in 80232, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 44 Days | -0.2% |
Summary: Homes in 80232 had an average of 44 days on market in Mar 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80232 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in 80232; 68% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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