Is 80615, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80615 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80615 has remained a Seller's Market.

Key Takeaway

80615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80615, CO

How much do homes in 80615, CO cost?

Median Sold Price

$478,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,000(+3.5%)

Key Takeaway

Homes in 80615 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 80615 was $478,000 in April 2024, up 3.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $247.5K-
N/A
2 $360K$365.7K
+1.6%
3 $420K$458.5K
+9.2%
4 $460K$473.2K
+2.9%
5+ $620K$567K
-8.5%

Summary: 80615 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 increased by 1.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

80615
+3.5%
80631
+0.8%
80610
-1.9%

Housing Supply in 80615, CO

How many homes are available in 80615, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2940+37.9%

Summary: The 80615 real estate market had 40 homes for sale in April 2024, a 37.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1117
+54.5%
4 46
+50.0%
5+ 710
+42.9%

Summary: The 80615 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 54.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80615, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 80615 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 80615, CO

How long does it take to sell a home in 80615, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
59 Days50 Days-15.0%

Summary: Homes in 80615 had an average of 50 days on market in Apr 2024, down by 15% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80615 has remained consistent over time.

Summary: During April 2024, 8 homes were sold in 80615; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 5 Days Ago

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