Is 80424, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80424 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 80424 was a Neutral Market.

Key Takeaway

80424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80424, CO

How much do homes in 80424, CO cost?

Median Sold Price

$2,487,000

$834/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$838,000(-25.2%)

Key Takeaway

Homes in 80424 have sold for 25.2% less than they did a month ago.

Summary: The median home sold price in 80424 was $2,487,000 in April 2024, down 25.2% from last month, and the median price per square foot was $834.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$775K
N/A
2 -$1.0M
N/A
3 $1.3M$2.6M
+99.3%
4 $2.4M$2.4M
+2.1%
5+ $4.4M$3.0M
-30.1%

Summary: 80424 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 99.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Zip Codes

80435
+101.7%
80448
+17.9%
80424
-25.2%

Housing Supply in 80424, CO

How many homes are available in 80424, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3245+40.6%

Summary: The 80424 real estate market had 45 homes for sale in April 2024, a 40.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 25
+150.0%
2 511
+120.0%
3 46
+50.0%
4 1215
+25.0%
5+ 98
-11.1%

Summary: The 80424 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 120%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80424, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 80424 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for 80424, CO

How long does it take to sell a home in 80424, CO?

Average Sale Time

Mar 2024Apr 2024CHANGE
178 Days73 Days-58.7%

Summary: Homes in 80424 had an average of 73 days on market in Apr 2024, down by 58.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80424 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 80424; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

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