Is 80648, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80648 is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, 80648 has remained a Neutral Market.

Key Takeaway

80648 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80648, CO

How much do homes in 80648, CO cost?

Median Sold Price

$499,999

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$38,999(+8.5%)

Key Takeaway

Homes in 80648 have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in 80648 was $499,999 in April 2024, up 8.5% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $285K$325K
+14.0%
3 $477K$499.9K
+4.8%
4 $642.4K$492.5K
-23.3%
5+ $361.2K$775K
+114.5%

Summary: 80648 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 14%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes increased by 114.5%.

Median Sold Price Compared To Nearby Zip Codes

80648
+8.5%
80610
-1.9%
80612
-2.8%
80650
-15.2%

Housing Supply in 80648, CO

How many homes are available in 80648, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
813+62.5%

Summary: The 80648 real estate market had 13 homes for sale in April 2024, a 62.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 24
+100.0%
4 34
+33.3%
5+ 21
-50.0%

Summary: The 80648 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 increased by 300%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80648, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 80648 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 80648, CO

How long does it take to sell a home in 80648, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days29 Days+1.7%

Summary: Homes in 80648 had an average of 29 days on market in Apr 2024, up by 1.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80648 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 80648; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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