Is 80516, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80516 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80516 has remained a Seller's Market.

Key Takeaway

80516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80516, CO

How much do homes in 80516, CO cost?

Median Sold Price

$713,666

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$6,875(-1.0%)

Key Takeaway

Homes in 80516 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 80516 was $713,666 in April 2024, down 1% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $402.5K$375K
-6.8%
3 $650K$639K
-1.7%
4 $740K$730K
-1.4%
5+ $925K$920K
-0.5%

Summary: 80516 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 decreased by 6.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

80514
+4.8%
80023
0.5%
80504
0.3%
80026
-0.4%
80516
-1.0%

Housing Supply in 80516, CO

How many homes are available in 80516, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
180245+36.1%

Summary: The 80516 real estate market had 245 homes for sale in April 2024, a 36.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1620
+25.0%
3 6990
+30.4%
4 5673
+30.4%
5+ 3962
+59.0%

Summary: The 80516 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 25%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 59%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3948+23.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80516, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 80516 in April 2024, up by 23.1% month-over-month. Of the 48 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.

Days on Market for 80516, CO

How long does it take to sell a home in 80516, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days36 Days-28.8%

Summary: Homes in 80516 had an average of 36 days on market in Apr 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80516 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 48 homes were sold in 80516; 58% of homes were sold within 30 days, 29% 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 3 Days Ago

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