Is 80524, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80524 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80524 has remained a Seller's Market.

Key Takeaway

80524 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80524, CO

How much do homes in 80524, CO cost?

Median Sold Price

$583,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,041(+1.4%)

Key Takeaway

Homes in 80524 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 80524 was $583,000 in March 2024, up 1.4% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $429K$346.2K
-19.3%
2 $417.6K$431.1K
+3.2%
3 $535.7K$538.5K
0.5%
4 $689K$698.2K
+1.3%
5+ $802.5K$980K
+22.1%

Summary: 80524 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 22.1%.

Median Sold Price Compared To Nearby Zip Codes

80525
+4.8%
80524
+1.4%
80549
-1.4%
80521
-1.5%

Housing Supply in 80524, CO

How many homes are available in 80524, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
171220+28.7%

Summary: The 80524 real estate market had 220 homes for sale in March 2024, a 28.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2734
+25.9%
3 6881
+19.1%
4 4865
+35.4%
5+ 2638
+46.2%

Summary: The 80524 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1946+142.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80524, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 80524 in March 2024, up by 142.1% month-over-month. Of the 46 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for 80524, CO

How long does it take to sell a home in 80524, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
76 Days78 Days+3.0%

Summary: Homes in 80524 had an average of 78 days on market in Mar 2024, up by 3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80524 has remained consistent over time.

Summary: During March 2024, 46 homes were sold in 80524; 28% of homes were sold within 30 days, 37% 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 19 Days Ago

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