Is 80816, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80816 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80816 has remained a Buyer's Market.

Key Takeaway

80816 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80816, CO

How much do homes in 80816, CO cost?

Median Sold Price

$557,450

$276/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$124,950(+28.9%)

Key Takeaway

Homes in 80816 have sold for 28.9% more than they did a month ago.

Summary: The median home sold price in 80816 was $557,450 in April 2024, up 28.9% from last month, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$327K
N/A
2 $330K-
N/A
3 $535K$614.9K
+14.9%
4 -$700K
N/A
5+ --
N/A

Summary: 80816 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80813
+30.2%
80816
+28.9%

Housing Supply in 80816, CO

How many homes are available in 80816, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5687+55.4%

Summary: The 80816 real estate market had 87 homes for sale in April 2024, a 55.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 25
+150.0%
2 815
+87.5%
3 3447
+38.2%
4 914
+55.6%
5+ 36
+100.0%

Summary: The 80816 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.

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 80816, 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 80816 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 80816, CO

How long does it take to sell a home in 80816, CO?

Average Sale Time

Mar 2024Apr 2024CHANGE
26 Days75 Days+188.5%

Summary: Homes in 80816 had an average of 75 days on market in Apr 2024, up by 188.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80816 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 80816; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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

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