Is 80504, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80504 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80504 has remained a Seller's Market.

Key Takeaway

80504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$2,015(+0.3%)

Key Takeaway

The sold price of homes in 80504 has remained the same since last year.

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

# BEDSApr 2023Apr 2024CHANGE
1 $359.7K$325K
-9.7%
2 $420K$413.3K
-1.6%
3 $550K$545K
-0.9%
4 $625K$616.7K
-1.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

80542
+5.7%
80503
+3.4%
80504
0.3%
80501
0.3%

Housing Supply in 80504, CO

How many homes are available in 80504, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
270314+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

# BEDSMar 2024Apr 2024CHANGE
1 68
+33.3%
2 3839
+2.6%
3 92102
+10.9%
4 7195
+33.8%
5+ 6370
+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 2024Apr 2024CHANGE
5587+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80504, you may be able to get a good deal. 43.7% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
37 Days49 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80504 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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