Is 80538, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80538 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80538 has remained a Seller's Market.

Key Takeaway

80538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80538, CO

How much do homes in 80538, CO cost?

Median Sold Price

$509,570

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,775(+1.5%)

Key Takeaway

Homes in 80538 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 80538 was $509,570 in April 2024, up 1.5% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $345.7K$305K
-11.8%
2 $379K$381.8K
+0.7%
3 $490.5K$493.9K
+0.7%
4 $540K$546K
+1.1%
5+ $719.5K$650K
-9.7%

Summary: 80538 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

80525
+7.1%
80538
+1.5%
80526
0%
80528
-3.2%
80537
-4.6%

Housing Supply in 80538, CO

How many homes are available in 80538, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
199251+26.1%

Summary: The 80538 real estate market had 251 homes for sale in April 2024, a 26.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 2541
+64.0%
3 90106
+17.8%
4 5264
+23.1%
5+ 2837
+32.1%

Summary: The 80538 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 64%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 32.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6256-9.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80538, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.

Summary: A total of 56 homes were sold or pending in 80538 in April 2024, down by 9.7% month-over-month. Of the 56 sold homes, 21% were sold under asking, 34% were sold at asking, and 45% were sold over asking.

Days on Market for 80538, CO

How long does it take to sell a home in 80538, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
113 Days51 Days-54.7%

Summary: Homes in 80538 had an average of 51 days on market in Apr 2024, down by 54.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80538 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 56 homes were sold in 80538; 39% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 9 Days Ago

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