Is 80304, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80304 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 80304 was a Seller's Market.

Key Takeaway

80304 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80304, CO

How much do homes in 80304, CO cost?

Median Sold Price

$1,329,333

$632/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$44,583(+3.5%)

Key Takeaway

Homes in 80304 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 80304 was $1,329,333 in March 2024, up 3.5% from last year, and the median price per square foot was $632.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $325K$380K
+16.9%
2 $608.5K$671.7K
+10.4%
3 $1.2M$1.2M
+4.0%
4 $1.7M$1.8M
+4.5%
5+ $2.3M$2.5M
+5.8%

Summary: 80304 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

80301
+4.1%
80304
+3.5%
80302
-13.5%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
143174+21.7%

Summary: The 80304 real estate market had 174 homes for sale in March 2024, a 21.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1318
+38.5%
2 1215
+25.0%
3 3237
+15.6%
4 5762
+8.8%
5+ 2942
+44.8%

Summary: The 80304 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 44.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
25250.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80304, you may be able to get a good deal. 76% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 80304 in March 2024, the same as the previous month. Of the 25 sold homes, 76% were sold under asking, 4% were sold at asking, and 20% were sold over asking.

Days on Market for 80304, CO

How long does it take to sell a home in 80304, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
69 Days72 Days+4.9%

Summary: Homes in 80304 had an average of 72 days on market in Mar 2024, up by 4.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80304 has remained consistent over time.

Summary: During March 2024, 25 homes were sold in 80304; 24% of homes were sold within 30 days, 52% 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 28 Days Ago

Newest Listings in 80304, CO

Nearby Markets to 80304, CO