Is 80534, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80534 is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 80534 was a Seller's Market.

Key Takeaway

80534 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80534, CO

How much do homes in 80534, CO cost?

Median Sold Price

$520,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+4.0%)

Key Takeaway

Homes in 80534 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 80534 was $520,000 in September 2024, up 4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$900K
N/A
2 $430K$423.5K
-1.5%
3 $472.4K$474.9K
0.5%
4 $514.2K$562.4K
+9.4%
5+ $600K$599K
-0.2%

Summary: 80534 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

80550
+4.7%
80534
+4.0%
80543
0.1%
80513
-7.8%
80651
-11.9%

Housing Supply in 80534, CO

How many homes are available in 80534, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
225216-4.0%

Summary: The 80534 real estate market had 216 homes for sale in September 2024, a 4.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 128125
-2.3%
4 6356
-11.1%
5+ 2322
-4.3%

Summary: The 80534 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4227-35.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80534, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 80534 in September 2024, down by 35.7% month-over-month. Of the 27 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.

Days on Market for 80534, CO

How long does it take to sell a home in 80534, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
38 Days44 Days+15.7%

Summary: Homes in 80534 had an average of 44 days on market in Sep 2024, up by 15.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80534 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 27 homes were sold in 80534; 63% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 22% 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 30 Days Ago

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