Is 80631, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80631 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80631 has remained a Seller's Market.

Key Takeaway

80631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80631, CO

How much do homes in 80631, CO cost?

Median Sold Price

$365,125

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,839(+1.6%)

Key Takeaway

Homes in 80631 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 80631 was $365,125 in March 2024, up 1.6% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $236K$235K
-0.4%
2 $294K$305K
+3.7%
3 $340K$345.9K
+1.8%
4 $380K$375K
-1.3%
5+ $400K$440K
+10.0%

Summary: 80631 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

80631
+1.6%
80620
-3.3%
80634
-3.4%

Housing Supply in 80631, CO

How many homes are available in 80631, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
123129+4.9%

Summary: The 80631 real estate market had 129 homes for sale in March 2024, a 4.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 2623
-11.5%
3 3042
+40.0%
4 3134
+9.7%
5+ 3628
-22.2%

Summary: The 80631 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3239+21.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80631, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 80631 in March 2024, up by 21.9% month-over-month. Of the 39 sold homes, 44% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for 80631, CO

How long does it take to sell a home in 80631, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
58 Days57 Days-2.0%

Summary: Homes in 80631 had an average of 57 days on market in Mar 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80631 has remained consistent over time.

Summary: During March 2024, 39 homes were sold in 80631; 36% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 23% 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 30 Days Ago

Newest Listings in 80631, CO

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