Is 80517, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80517 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80517 has remained a Seller's Market.

Key Takeaway

80517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80517, CO

How much do homes in 80517, CO cost?

Median Sold Price

$697,666

$409/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$30,166(+4.5%)

Key Takeaway

Homes in 80517 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 80517 was $697,666 in April 2024, up 4.5% from last year, and the median price per square foot was $409.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $384.5K$352K
-8.5%
2 $460K$550K
+19.6%
3 $738K$730K
-1.1%
4 $925.5K$940K
+1.6%
5+ $1.0M$1.0M
-0.2%

Summary: 80517 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

80517
+4.5%
80515
-8.1%

Housing Supply in 80517, CO

How many homes are available in 80517, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
107119+11.2%

Summary: The 80517 real estate market had 119 homes for sale in April 2024, a 11.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 95
-44.4%
2 2428
+16.7%
3 4350
+16.3%
4 1822
+22.2%
5+ 1314
+7.7%

Summary: The 80517 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80517, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 80517 in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 61% were sold under asking, 30% were sold at asking, and 9% were sold over asking.

Days on Market for 80517, CO

How long does it take to sell a home in 80517, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days91 Days+44.5%

Summary: Homes in 80517 had an average of 91 days on market in Apr 2024, up by 44.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80517 has remained consistent over time.

Summary: During April 2024, 23 homes were sold in 80517; 26% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 35% 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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