Is Broomfield County, 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 County has remained a Seller's Market.
Housing Prices in Broomfield County, CO
How much do homes in Broomfield County, CO cost?
Median Sold Price
$620,942
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Broomfield County was $620,942 in March 2024, up 1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $347.2K | +3.7% |
2 Bedrooms | $530K | $543K | +2.5% |
3 Bedrooms | $577.9K | $593.4K | +2.7% |
4 Bedrooms | $661K | $642K | -2.9% |
5+ Bedrooms | $911.3K | $949K | +4.1% |
Summary: Broomfield County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $624.2K | $633K | +1.4% |
Broomfield County | $615K | $620.9K | +1.0% |
Boulder County | $747.4K | $751.1K | 0.5% |
Adams County | $508.3K | $509.5K | 0.2% |
Weld County | $481.9K | $479.6K | -0.5% |
Housing Supply in Broomfield County, CO
How many homes are available in Broomfield County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
308 | 398 | +29.2% |
Summary: The Broomfield County real estate market had 398 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 45 | 59 | +31.1% |
3 Bedrooms | 98 | 111 | +13.3% |
4 Bedrooms | 93 | 130 | +39.8% |
5+ Bedrooms | 70 | 94 | +34.3% |
Summary: The Broomfield County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 34.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 102 | +27.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Broomfield County in March 2024, up by 27.5% month-over-month. Of the 102 sold homes, 39% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Broomfield County, CO
How long does it take to sell a home in Broomfield County, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 52 Days | +28.5% |
Summary: Homes in Broomfield County had an average of 52 days on market in Mar 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 102 homes were sold in Broomfield County; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.