Is 80540, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80540 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80540 was a Seller's Market.

Key Takeaway

80540 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 80540, CO

How much do homes in 80540, CO cost?

Median Sold Price

$804,500

$369/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,500(+2.5%)

Key Takeaway

Homes in 80540 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 80540 was $804,500 in April 2024, up 2.5% from last year, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $499.9K$356K
-28.8%
2 $575K$546K
-5.0%
3 $829K$835K
+0.7%
4 $1.0M$1.0M
+1.5%
5+ $1.0M$1.0M
-3.6%

Summary: 80540 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

80503
+3.4%
80540
+2.5%
80302
-5.7%

Housing Supply in 80540, CO

How many homes are available in 80540, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4048+20.0%

Summary: The 80540 real estate market had 48 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 32
-33.3%
2 99
0.0%
3 1721
+23.5%
4 812
+50.0%
5+ 34
+33.3%

Summary: The 80540 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80540, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 80540 in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.

Days on Market for 80540, CO

How long does it take to sell a home in 80540, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
108 Days40 Days-63.1%

Summary: Homes in 80540 had an average of 40 days on market in Apr 2024, down by 63.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80540 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 80540; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 5 Days Ago

Newest Listings in 80540, CO

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