Is 80503, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80503 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80503 has remained a Seller's Market.

Key Takeaway

80503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80503, CO

How much do homes in 80503, CO cost?

Median Sold Price

$770,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+3.4%)

Key Takeaway

Homes in 80503 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 80503 was $770,000 in April 2024, up 3.4% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $282K-
N/A
2 $499.5K$530K
+6.1%
3 $670K$657.5K
-1.9%
4 $818.5K$806K
-1.5%
5+ $1.0M$1.1M
+2.4%

Summary: 80503 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

80503
+3.4%
80501
0.3%
80504
0.3%
80513
-0.7%

Housing Supply in 80503, CO

How many homes are available in 80503, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
147193+31.3%

Summary: The 80503 real estate market had 193 homes for sale in April 2024, a 31.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 2023
+15.0%
3 4759
+25.5%
4 4666
+43.5%
5+ 3342
+27.3%

Summary: The 80503 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3242+31.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80503, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 80503 in April 2024, up by 31.3% month-over-month. Of the 42 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for 80503, CO

How long does it take to sell a home in 80503, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
89 Days53 Days-40.9%

Summary: Homes in 80503 had an average of 53 days on market in Apr 2024, down by 40.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80503 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 42 homes were sold in 80503; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% 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 6 Days Ago

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