Is 80537, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80537 is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, 80537 was a Seller's Market.

Key Takeaway

80537 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80537, CO

How much do homes in 80537, CO cost?

Median Sold Price

$509,750

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$6,150(-1.2%)

Key Takeaway

Homes in 80537 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 80537 was $509,750 in August 2024, down 1.2% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $368.3K$318K
-13.7%
2 $389.5K$396.5K
+1.8%
3 $485.5K$476.1K
-1.9%
4 $576K$570K
-1.0%
5+ $732.5K$620K
-15.4%

Summary: 80537 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 15.4%.

Median Sold Price Compared To Nearby Zip Codes

80534
+4.0%
80538
+1.7%
80537
-1.2%
80513
-7.8%

Housing Supply in 80537, CO

How many homes are available in 80537, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
243284+16.9%

Summary: The 80537 real estate market had 284 homes for sale in August 2024, a 16.9% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 44
0.0%
2 3041
+36.7%
3 81105
+29.6%
4 8581
-4.7%
5+ 4353
+23.3%

Summary: The 80537 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 23.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
46460.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80537, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 80537 in August 2024, the same as the previous month. Of the 46 sold homes, 54% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for 80537, CO

How long does it take to sell a home in 80537, CO?

Average Sale Time

Aug 2023Aug 2024CHANGE
26 Days42 Days+56.7%

Summary: Homes in 80537 had an average of 42 days on market in Aug 2024, up by 56.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80537 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 46 homes were sold in 80537; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% 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 8 Days Ago

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