Is 80542, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80542 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80542 has remained a Seller's Market.

Key Takeaway

80542 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80542, CO

How much do homes in 80542, CO cost?

Median Sold Price

$597,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,000(+5.7%)

Key Takeaway

Homes in 80542 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 80542 was $597,000 in April 2024, up 5.7% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $470K$500K
+6.4%
4 $532.6K$635K
+19.2%
5+ $604.9K$693.2K
+14.6%

Summary: 80542 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Zip Codes

80542
+5.7%
80504
0.3%
80513
-0.7%
80534
-1.5%
80651
-6.1%

Housing Supply in 80542, CO

How many homes are available in 80542, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1011+10.0%

Summary: The 80542 real estate market had 11 homes for sale in April 2024, a 10.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 56
+20.0%
4 43
-25.0%
5+ 12
+100.0%

Summary: The 80542 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80542, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 80542 in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 80542, CO

How long does it take to sell a home in 80542, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
101 Days46 Days-54.4%

Summary: Homes in 80542 had an average of 46 days on market in Apr 2024, down by 54.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80542 has remained consistent over time.

Summary: During April 2024, 3 homes were sold in 80542; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 15 Days Ago

Newest Listings in 80542, CO

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