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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broomfield is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Broomfield, CO

How much do homes in Broomfield, CO cost?

Median Sold Price

$615,477

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,280(+1.0%)

Key Takeaway

Homes in Broomfield have sold for 1% more than they did a year ago.

Summary: The median home sold price in Broomfield was $615,477 in March 2024, up 1% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $315K$330K
+4.8%
2 $527.6K$520K
-1.5%
3 $574.9K$579.9K
+0.9%
4 $660K$645K
-2.3%
5+ $837K$899.9K
+7.5%

Summary: Broomfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Louisville
+3.7%
Lafayette
+3.4%
Broomfield
+1.0%
Lafayette-Louisville
-0.3%
Westminster
-1.2%

Housing Supply in Broomfield, CO

How many homes are available in Broomfield, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
364491+34.9%

Summary: The Broomfield real estate market had 491 homes for sale in March 2024, a 34.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 25
+150.0%
2 6485
+32.8%
3 123155
+26.0%
4 113158
+39.8%
5+ 6288
+41.9%

Summary: The Broomfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 41.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
96128+33.3%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broomfield, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Broomfield in March 2024, up by 33.3% month-over-month. Of the 128 sold homes, 37% were sold under asking, 30% were sold at asking, and 34% were sold over asking.

Days on Market for Broomfield, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days54 Days+28.2%

Summary: Homes in Broomfield had an average of 54 days on market in Mar 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 128 homes were sold in Broomfield; 56% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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