Is 80241, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80241 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80241 has remained a Seller's Market.

Key Takeaway

80241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80241, CO

How much do homes in 80241, CO cost?

Median Sold Price

$525,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$6,000(-1.1%)

Key Takeaway

Homes in 80241 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 80241 was $525,000 in April 2024, down 1.1% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $382.5K$425K
+11.1%
3 $507K$499.9K
-1.4%
4 $583.7K$549.9K
-5.8%
5+ $667.5K$678K
+1.6%

Summary: 80241 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

80602
+3.1%
80023
0.5%
80233
0.0%
80241
-1.1%
80234
-2.2%

Housing Supply in 80241, CO

How many homes are available in 80241, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65101+55.4%

Summary: The 80241 real estate market had 101 homes for sale in April 2024, a 55.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1829
+61.1%
3 2741
+51.9%
4 1422
+57.1%
5+ 69
+50.0%

Summary: The 80241 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 61.1%, 3 bedroom homes increased by 51.9%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
931+244.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80241, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.

Summary: A total of 31 homes were sold or pending in 80241 in April 2024, up by 244.4% month-over-month. Of the 31 sold homes, 23% were sold under asking, 45% were sold at asking, and 32% were sold over asking.

Days on Market for 80241, CO

How long does it take to sell a home in 80241, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days30 Days+23.2%

Summary: Homes in 80241 had an average of 30 days on market in Apr 2024, up by 23.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80241 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 31 homes were sold in 80241; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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 1 Day Ago

Newest Listings in 80241, CO

Nearby Markets to 80241, CO