Is 81211, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 81211 was a Buyer's Market.
Key Takeaway
81211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 81211, CO
How much do homes in 81211, CO cost?
Median Sold Price
$774,500
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 81211 have sold for 30.2% more than they did a year ago.
Summary: The median home sold price in 81211 was $774,500 in April 2024, up 30.2% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $595K | $2.0M | +236.1% |
| 2 Bedrooms | $452K | $490K | +8.4% |
| 3 Bedrooms | $687.5K | $832K | +21.0% |
| 4 Bedrooms | $700K | $874K | +24.9% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: 81211 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 81236 | $645K | $862K | +33.6% |
| 81211 | $595K | $774.5K | +30.2% |
Housing Supply in 81211, CO
How many homes are available in 81211, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 61 | +35.6% |
Summary: The 81211 real estate market had 61 homes for sale in April 2024, a 35.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 24 | 39 | +62.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 81211 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 10%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 12 | +500.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 81211, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 81211 in April 2024, up by 500.0% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.
Days on Market for 81211, CO
How long does it take to sell a home in 81211, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 143 Days | +497.2% |
Summary: Homes in 81211 had an average of 143 days on market in Apr 2024, up by 497.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 81211 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 12 homes were sold in 81211; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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