Is 80651, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80651 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80651 has remained a Seller's Market.

Key Takeaway

80651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80651, CO

How much do homes in 80651, CO cost?

Median Sold Price

$460,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$30,000(-6.1%)

Key Takeaway

Homes in 80651 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 80651 was $460,000 in April 2024, down 6.1% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $375.5K$337.4K
-10.1%
3 $422.2K$431.5K
+2.2%
4 $650K$799.9K
+23.1%
5+ $794.8K$649.5K
-18.3%

Summary: 80651 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 decreased by 10.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Zip Codes

80542
+5.7%
80534
-1.5%
80543
-4.5%
80651
-6.1%

Housing Supply in 80651, CO

How many homes are available in 80651, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2027+35.0%

Summary: The 80651 real estate market had 27 homes for sale in April 2024, a 35.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 48
+100.0%
4 69
+50.0%
5+ 78
+14.3%

Summary: The 80651 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80651, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 80651 in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 80651, CO

How long does it take to sell a home in 80651, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days42 Days-45.2%

Summary: Homes in 80651 had an average of 42 days on market in Apr 2024, down by 45.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80651 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 80651; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

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