Is 80602, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 80602 has remained a Seller's Market.
Housing Prices in 80602, CO
How much do homes in 80602, CO cost?
Median Sold Price
$664,842
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 80602 was $664,842 in March 2024, up 2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $825K | - | N/A |
2 Bedrooms | $505K | $525K | +4.0% |
3 Bedrooms | $595K | $620K | +4.2% |
4 Bedrooms | $695K | $690K | -0.7% |
5+ Bedrooms | $775K | $749.9K | -3.2% |
Summary: 80602 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 80602, CO
How many homes are available in 80602, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
282 | 300 | +6.4% |
Summary: The 80602 real estate market had 300 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 32 | +28.0% |
3 Bedrooms | 95 | 100 | +5.3% |
4 Bedrooms | 100 | 106 | +6.0% |
5+ Bedrooms | 62 | 62 | 0.0% |
Summary: The 80602 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 87 | +6.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in 80602 in March 2024, up by 6.1% month-over-month. Of the 87 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for 80602, CO
How long does it take to sell a home in 80602, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 40 Days | 0.4% |
Summary: Homes in 80602 had an average of 40 days on market in Mar 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 87 homes were sold in 80602; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.