Is 80701, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80701 is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, 80701 has remained a Neutral Market.

Key Takeaway

80701 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 80701, CO

How much do homes in 80701, CO cost?

Median Sold Price

$316,000

$184/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in 80701 has remained the same since last year.

Summary: The median home sold price in 80701 was $316,000 in April 2024, the same as last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115K$610K
+430.4%
2 $238.5K$205.5K
-13.8%
3 $284K$305K
+7.4%
4 $349.5K$339.5K
-2.9%
5+ $417.4K$398K
-4.7%

Summary: 80701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 430.4%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Zip Codes

80654
+12.3%
80701
0.0%
80723
-3.3%

Housing Supply in 80701, CO

How many homes are available in 80701, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6668+3.0%

Summary: The 80701 real estate market had 68 homes for sale in April 2024, a 3.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1010
0.0%
3 2628
+7.7%
4 1815
-16.7%
5+ 1214
+16.7%

Summary: The 80701 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were 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 80701, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 80701 in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for 80701, CO

How long does it take to sell a home in 80701, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
91 Days81 Days-10.8%

Summary: Homes in 80701 had an average of 81 days on market in Apr 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80701 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in 80701; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 4 Days Ago

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