Is 80602, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80602 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80602 has remained a Seller's Market.

Key Takeaway

80602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$13,299(+2.0%)

Key Takeaway

Homes in 80602 have sold for 2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $825K-
N/A
2 $505K$525K
+4.0%
3 $595K$620K
+4.2%
4 $695K$690K
-0.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

80602
+2.0%
80640
+0.7%
80601
-0.7%
80233
-1.0%
80023
-3.2%

Housing Supply in 80602, CO

How many homes are available in 80602, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
282300+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2532
+28.0%
3 95100
+5.3%
4 100106
+6.0%
5+ 6262
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 2024Mar 2024CHANGE
8287+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80602, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
40 Days40 Days0.4%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80602 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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