Is 80247, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80247 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80247 has remained a Seller's Market.

Key Takeaway

80247 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80247, CO

How much do homes in 80247, CO cost?

Median Sold Price

$304,750

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,166(-4.7%)

Key Takeaway

Homes in 80247 have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in 80247 was $304,750 in March 2024, down 4.7% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $210K$214K
+1.9%
2 $315K$299K
-5.1%
3 $495K$529.9K
+7.1%
4 $625K$610K
-2.4%
5+ $725.5K$775K
+6.8%

Summary: 80247 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

80230
+14.3%
80231
+9.6%
80012
-1.9%
80010
-2.3%
80247
-4.7%

Housing Supply in 80247, CO

How many homes are available in 80247, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
186199+7.0%

Summary: The 80247 real estate market had 199 homes for sale in March 2024, a 7.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1516
+6.7%
2 142143
+0.7%
3 1726
+52.9%
4 67
+16.7%
5+ 67
+16.7%

Summary: The 80247 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 52.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5042-16.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80247, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 80247 in March 2024, down by 16.0% month-over-month. Of the 42 sold homes, 71% were sold under asking, 10% were sold at asking, and 19% were sold over asking.

Days on Market for 80247, CO

How long does it take to sell a home in 80247, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
58 Days51 Days-11.8%

Summary: Homes in 80247 had an average of 51 days on market in Mar 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80247 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 42 homes were sold in 80247; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% 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 27 Days Ago

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