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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80534 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80534 has remained a Seller's Market.

Key Takeaway

80534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80534, CO

How much do homes in 80534, CO cost?

Median Sold Price

$515,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,000(-2.8%)

Key Takeaway

Homes in 80534 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 80534 was $515,000 in March 2024, down 2.8% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $452.5K$900K
+98.9%
2 $425K$416.5K
-2.0%
3 $498.4K$486.5K
-2.4%
4 $550K$527.8K
-4.0%
5+ $589.3K$560K
-5.0%

Summary: 80534 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.9%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Zip Codes

80513
0.4%
80534
-2.8%
80550
-2.9%
80651
-6.1%
80543
-6.5%

Housing Supply in 80534, CO

How many homes are available in 80534, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
164176+7.3%

Summary: The 80534 real estate market had 176 homes for sale in March 2024, a 7.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 77
0.0%
3 8892
+4.5%
4 5053
+6.0%
5+ 1824
+33.3%

Summary: The 80534 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2934+17.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 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. 35.3% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 80534 in March 2024, up by 17.2% month-over-month. Of the 34 sold homes, 35% were sold under asking, 32% were sold at asking, and 32% 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

Mar 2023Mar 2024CHANGE
43 Days42 Days-2.6%

Summary: Homes in 80534 had an average of 42 days on market in Mar 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80534 has remained consistent over time.

Summary: During March 2024, 34 homes were sold in 80534; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% 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 29 Days Ago

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