Is Broomfield, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$615,477
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $330K | +4.8% |
2 Bedrooms | $527.6K | $520K | -1.5% |
3 Bedrooms | $574.9K | $579.9K | +0.9% |
4 Bedrooms | $660K | $645K | -2.3% |
5+ Bedrooms | $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 | $819.6K | $850K | +3.7% |
Lafayette | $696.5K | $720.2K | +3.4% |
Broomfield | $609.1K | $615.4K | +1.0% |
Lafayette-Louisville | $782.3K | $779.7K | -0.3% |
Westminster | $531.3K | $525K | -1.2% |
Housing Supply in Broomfield, CO
How many homes are available in Broomfield, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
364 | 491 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 64 | 85 | +32.8% |
3 Bedrooms | 123 | 155 | +26.0% |
4 Bedrooms | 113 | 158 | +39.8% |
5+ Bedrooms | 62 | 88 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 128 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 54 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
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.