Is Broomfield, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Broomfield has remained a Seller's Market.
Housing Prices in Broomfield, CO
How much do homes in Broomfield, CO cost?
Median Sold Price
$624,066
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Broomfield was $624,066 in June 2024, up 2.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.5K | $350K | +2.2% |
2 Bedrooms | $527.7K | $546.5K | +3.6% |
3 Bedrooms | $567.5K | $575K | +1.3% |
4 Bedrooms | $620K | $660K | +6.5% |
5+ Bedrooms | $877.5K | $940K | +7.1% |
Summary: Broomfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Louisville | $825K | $891K | +8.0% |
Lafayette | $720.1K | $740K | +2.8% |
Broomfield | $607.6K | $624K | +2.7% |
Lafayette-Louisville | $771.5K | $788.7K | +2.2% |
Westminster | $535K | $535K | 0.0% |
Housing Supply in Broomfield, CO
How many homes are available in Broomfield, CO?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
468 | 476 | +1.7% |
Summary: The Broomfield real estate market had 476 homes for sale in June 2024, a 1.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 98 | 99 | +1.0% |
3 Bedrooms | 137 | 123 | -10.2% |
4 Bedrooms | 152 | 162 | +6.6% |
5+ Bedrooms | 77 | 89 | +15.6% |
Summary: The Broomfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
147 | 100 | -32.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Broomfield in June 2024, down by 32.0% month-over-month. Of the 100 sold homes, 40% were sold under asking, 21% were sold at asking, and 39% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 35 Days | +52.1% |
Summary: Homes in Broomfield had an average of 35 days on market in Jun 2024, up by 52.1% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 100 homes were sold in Broomfield; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.