Is 80501, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80501 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80501 has remained a Seller's Market.

Key Takeaway

80501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80501, CO

How much do homes in 80501, CO cost?

Median Sold Price

$521,441

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,441(+0.3%)

Key Takeaway

The sold price of homes in 80501 has remained the same since last year.

Summary: The median home sold price in 80501 was $521,441 in April 2024, up 0.3% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $180.6K$260K
+43.9%
2 $445K$444.2K
-0.2%
3 $499K$518.5K
+3.9%
4 $575K$570.7K
-0.7%
5+ $725K$672.5K
-7.2%

Summary: 80501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.9%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

80503
+3.4%
80501
0.3%
80504
0.3%

Housing Supply in 80501, CO

How many homes are available in 80501, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
115142+23.5%

Summary: The 80501 real estate market had 142 homes for sale in April 2024, a 23.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 3036
+20.0%
3 4662
+34.8%
4 2633
+26.9%
5+ 119
-18.2%

Summary: The 80501 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2739+44.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80501, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 80501 in April 2024, up by 44.4% month-over-month. Of the 39 sold homes, 44% were sold under asking, 26% were sold at asking, and 31% were sold over asking.

Days on Market for 80501, CO

How long does it take to sell a home in 80501, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days84 Days+44.3%

Summary: Homes in 80501 had an average of 84 days on market in Apr 2024, up by 44.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80501 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 39 homes were sold in 80501; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% 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 5 Days Ago

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