Is 80504, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 80504 has remained a Seller's Market.
Housing Prices in 80504, CO
How much do homes in 80504, CO cost?
Median Sold Price
$597,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 80504 was $597,000 in April 2024, up 0.3% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359.7K | $325K | -9.7% |
2 Bedrooms | $420K | $413.3K | -1.6% |
3 Bedrooms | $550K | $545K | -0.9% |
4 Bedrooms | $625K | $616.7K | -1.3% |
5+ Bedrooms | $730K | $749.9K | +2.7% |
Summary: 80504 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 80504, CO
How many homes are available in 80504, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
270 | 314 | +16.3% |
Summary: The 80504 real estate market had 314 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 38 | 39 | +2.6% |
3 Bedrooms | 92 | 102 | +10.9% |
4 Bedrooms | 71 | 95 | +33.8% |
5+ Bedrooms | 63 | 70 | +11.1% |
Summary: The 80504 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 87 | +58.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in 80504 in April 2024, up by 58.2% month-over-month. Of the 87 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for 80504, CO
How long does it take to sell a home in 80504, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 49 Days | +30.4% |
Summary: Homes in 80504 had an average of 49 days on market in Apr 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 87 homes were sold in 80504; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.