Is 80516, 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, 80516 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $402.5K | $375K | -6.8% |
3 Bedrooms | $650K | $639K | -1.7% |
4 Bedrooms | $740K | $730K | -1.4% |
5+ Bedrooms | $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%.
Housing Supply in 80516, CO
How many homes are available in 80516, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 245 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 69 | 90 | +30.4% |
4 Bedrooms | 56 | 73 | +30.4% |
5+ Bedrooms | 39 | 62 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 48 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 36 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
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.