Is 80456, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80456 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80456 has remained a Seller's Market.

Key Takeaway

80456 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80456, CO

How much do homes in 80456, CO cost?

Median Sold Price

$430,000

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$52,500(-10.9%)

Key Takeaway

Homes in 80456 have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in 80456 was $430,000 in March 2024, down 10.9% from last year, and the median price per square foot was $345.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147.4K$347.5K
+135.7%
2 $395K$424.5K
+7.5%
3 $575K$468.8K
-18.5%
4 -$485K
N/A
5+ --
N/A

Summary: 80456 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 135.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80432
+8.0%
80421
-3.5%
80456
-10.9%
80827
-17.4%

Housing Supply in 80456, CO

How many homes are available in 80456, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2327+17.4%

Summary: The 80456 real estate market had 27 homes for sale in March 2024, a 17.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 35
+66.7%
2 911
+22.2%
3 109
-10.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The 80456 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80456, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 80456 in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for 80456, CO

How long does it take to sell a home in 80456, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
116 Days130 Days+12.7%

Summary: Homes in 80456 had an average of 130 days on market in Mar 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 80456 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 8 homes were sold in 80456; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 63% 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 26 Days Ago

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