Is 80247, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 80247 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $214K | +1.9% |
2 Bedrooms | $315K | $299K | -5.1% |
3 Bedrooms | $495K | $529.9K | +7.1% |
4 Bedrooms | $625K | $610K | -2.4% |
5+ Bedrooms | $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%.
Housing Supply in 80247, CO
How many homes are available in 80247, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
186 | 199 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 142 | 143 | +0.7% |
3 Bedrooms | 17 | 26 | +52.9% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 6 | 7 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 42 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 51 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
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.