Is 80238, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 80238 has remained a Seller's Market.
Key Takeaway
80238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80238, CO
How much do homes in 80238, CO cost?
Median Sold Price
$786,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 80238 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 80238 was $786,000 in April 2024, down 0.5% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $414K | +13.4% |
| 2 Bedrooms | $515K | $515K | 0.0% |
| 3 Bedrooms | $675K | $644.4K | -4.5% |
| 4 Bedrooms | $985.1K | $925K | -6.1% |
| 5+ Bedrooms | $1.2M | $1.1M | -10.7% |
Summary: 80238 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in 80238, CO
How many homes are available in 80238, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 72 | +53.2% |
Summary: The 80238 real estate market had 72 homes for sale in April 2024, a 53.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 10 | 20 | +100.0% |
| 5+ Bedrooms | 6 | 14 | +133.3% |
Summary: The 80238 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 20 | +122.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80238, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 80238 in April 2024, up by 122.2% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for 80238, CO
How long does it take to sell a home in 80238, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +26.0% |
Summary: Homes in 80238 had an average of 14 days on market in Apr 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 80238 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 80238; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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