Is 80246, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 80246 was a Neutral Market.
Key Takeaway
80246 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80246, CO
How much do homes in 80246, CO cost?
Median Sold Price
$750,500
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 80246 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 80246 was $750,500 in April 2024, down 3.2% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $219K | -23.2% |
| 2 Bedrooms | $358.7K | $395K | +10.1% |
| 3 Bedrooms | $762.4K | $775K | +1.6% |
| 4 Bedrooms | $796.5K | $875K | +9.9% |
| 5+ Bedrooms | $3.0M | $2.8M | -8.1% |
Summary: 80246 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 80246, CO
How many homes are available in 80246, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 49 | +69.0% |
Summary: The 80246 real estate market had 49 homes for sale in April 2024, a 69.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 7 | 18 | +157.1% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 80246 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 157.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80246, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 80246 in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 80246, CO
How long does it take to sell a home in 80246, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 40 Days | +71.7% |
Summary: Homes in 80246 had an average of 40 days on market in Apr 2024, up by 71.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 80246 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 80246; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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