Is 80620, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80620 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80620 has remained a Seller's Market.

Key Takeaway

80620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80620, CO

How much do homes in 80620, CO cost?

Median Sold Price

$390,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$9,450(-2.4%)

Key Takeaway

Homes in 80620 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 80620 was $390,000 in April 2024, down 2.4% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $247.5K$267.7K
+8.2%
2 $299.4K$315K
+5.2%
3 $395K$405K
+2.5%
4 $417.4K$393.5K
-5.7%
5+ $426.2K$433.5K
+1.7%

Summary: 80620 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

80631
+0.8%
80634
-0.6%
80620
-2.4%

Housing Supply in 80620, CO

How many homes are available in 80620, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5963+6.8%

Summary: The 80620 real estate market had 63 homes for sale in April 2024, a 6.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1110
-9.1%
3 2833
+17.9%
4 1110
-9.1%
5+ 88
0.0%

Summary: The 80620 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1621+31.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80620, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 80620 in April 2024, up by 31.3% month-over-month. Of the 21 sold homes, 10% were sold under asking, 19% were sold at asking, and 71% were sold over asking.

Days on Market for 80620, CO

How long does it take to sell a home in 80620, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days43 Days-7.4%

Summary: Homes in 80620 had an average of 43 days on market in Apr 2024, down by 7.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80620 has remained consistent over time.

Summary: During April 2024, 21 homes were sold in 80620; 33% of homes were sold within 30 days, 57% 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 5 Days Ago

Newest Listings in 80620, CO

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