Is 80603, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80603 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80603 has remained a Seller's Market.

Key Takeaway

80603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80603, CO

How much do homes in 80603, CO cost?

Median Sold Price

$480,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,370(-1.3%)

Key Takeaway

Homes in 80603 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 80603 was $480,000 in March 2024, down 1.3% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $389.5K$385K
-1.2%
3 $469K$459.9K
-1.9%
4 $500K$505K
+1.0%
5+ $595K$632K
+6.2%

Summary: 80603 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 decreased by 1.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

80642
+10.8%
80621
+3.3%
80601
-0.7%
80022
-1.1%
80603
-1.3%

Housing Supply in 80603, CO

How many homes are available in 80603, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9189-2.2%

Summary: The 80603 real estate market had 89 homes for sale in March 2024, a 2.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4938
-22.4%
4 3034
+13.3%
5+ 1116
+45.5%

Summary: The 80603 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 remained the same, 3 bedroom homes decreased by 22.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80603, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 80603 in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 80603, CO

How long does it take to sell a home in 80603, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
69 Days32 Days-52.8%

Summary: Homes in 80603 had an average of 32 days on market in Mar 2024, down by 52.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80603 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 20 homes were sold in 80603; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% 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 29 Days Ago

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