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 June 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

$624,066

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$16,412(+2.7%)

Key Takeaway

Homes in Broomfield have sold for 2.7% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $342.5K$350K
+2.2%
2 $527.7K$546.5K
+3.6%
3 $567.5K$575K
+1.3%
4 $620K$660K
+6.5%
5+ $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
+8.0%
Lafayette
+2.8%
Broomfield
+2.7%
Lafayette-Louisville
+2.2%
Westminster
0.0%

Housing Supply in Broomfield, CO

How many homes are available in Broomfield, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
468476+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

# BEDSMay 2024Jun 2024CHANGE
1 43
-25.0%
2 9899
+1.0%
3 137123
-10.2%
4 152162
+6.6%
5+ 7789
+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 2024Jun 2024CHANGE
147100-32.0%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broomfield, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
23 Days35 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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