Is 80547, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80547 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80547 was a Buyer's Market.

Key Takeaway

80547 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80547, CO

How much do homes in 80547, CO cost?

Median Sold Price

$799,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$41,000(-4.9%)

Key Takeaway

Homes in 80547 have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in 80547 was $799,000 in April 2024, down 4.9% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $534K-
N/A
3 $798.6K$664.5K
-16.8%
4 $1.3M$825K
-37.5%
5+ $840K$790K
-6.0%

Summary: 80547 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 decreased by 16.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Zip Codes

80525
+7.1%
80550
0.2%
80528
-3.2%
80547
-4.9%

Housing Supply in 80547, CO

How many homes are available in 80547, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1916-15.8%

Summary: The 80547 real estate market had 16 homes for sale in April 2024, a 15.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 107
-30.0%
5+ 78
+14.3%

Summary: The 80547 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 decreased by 50%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80547, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 80547 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 80547, CO

How long does it take to sell a home in 80547, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
70 Days40 Days-42.6%

Summary: Homes in 80547 had an average of 40 days on market in Apr 2024, down by 42.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 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 80547 has remained consistent over time.

Summary: During April 2024, 5 homes were sold in 80547; 40% of homes were sold within 30 days, 60% 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 11 Days Ago

Newest Listings in 80547, CO

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