Is 80401, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80401 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80401 has remained a Seller's Market.

Key Takeaway

80401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80401, CO

How much do homes in 80401, CO cost?

Median Sold Price

$875,000

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+2.9%)

Key Takeaway

Homes in 80401 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 80401 was $875,000 in April 2024, up 2.9% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $339.5K$490K
+44.3%
2 $472.5K$627.9K
+32.9%
3 $775.7K$785K
+1.2%
4 $910K$1.0M
+15.4%
5+ $1.2M$1.1M
-1.2%

Summary: 80401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

80465
+18.2%
80401
+2.9%
80228
+2.1%
80215
-4.9%

Housing Supply in 80401, CO

How many homes are available in 80401, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
73106+45.2%

Summary: The 80401 real estate market had 106 homes for sale in April 2024, a 45.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 24
+100.0%
2 812
+50.0%
3 1527
+80.0%
4 2334
+47.8%
5+ 2529
+16.0%

Summary: The 80401 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

8 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 80401, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 80401 in April 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 80401, CO

How long does it take to sell a home in 80401, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days31 Days+40.4%

Summary: Homes in 80401 had an average of 31 days on market in Apr 2024, up by 40.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80401 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 20 homes were sold in 80401; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

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