Is 80234, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80234 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80234 has remained a Seller's Market.

Key Takeaway

80234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80234, CO

How much do homes in 80234, CO cost?

Median Sold Price

$546,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$12,250(-2.2%)

Key Takeaway

Homes in 80234 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 80234 was $546,000 in April 2024, down 2.2% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $215K$227.5K
+5.8%
2 $390.2K$360K
-7.8%
3 $525K$530K
+1.0%
4 $660K$572.5K
-13.3%
5+ $895K$800K
-10.6%

Summary: 80234 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Zip Codes

80260
+8.3%
80020
+0.8%
80233
0.0%
80241
-1.1%
80234
-2.2%

Housing Supply in 80234, CO

How many homes are available in 80234, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6290+45.2%

Summary: The 80234 real estate market had 90 homes for sale in April 2024, a 45.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2133
+57.1%
3 1419
+35.7%
4 2024
+20.0%
5+ 613
+116.7%

Summary: The 80234 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 116.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80234, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 80234 in April 2024, up by 47.1% month-over-month. Of the 25 sold homes, 24% were sold under asking, 40% were sold at asking, and 36% were sold over asking.

Days on Market for 80234, CO

How long does it take to sell a home in 80234, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days26 Days-4.9%

Summary: Homes in 80234 had an average of 26 days on market in Apr 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80234 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 80234; 76% of homes were sold within 30 days, 16% 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 3 Days Ago

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