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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broomfield County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$5,889(+1.0%)

Key Takeaway

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

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

# BEDSMar 2023Mar 2024CHANGE
1 $335K$347.2K
+3.7%
2 $530K$543K
+2.5%
3 $577.9K$593.4K
+2.7%
4 $661K$642K
-2.9%
5+ $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
+1.4%
Broomfield County
+1.0%
Boulder County
0.5%
Adams County
0.2%
Weld County
-0.5%

Housing Supply in Broomfield County, CO

How many homes are available in Broomfield County, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
308398+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

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 4559
+31.1%
3 98111
+13.3%
4 93130
+39.8%
5+ 7094
+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 2024Mar 2024CHANGE
80102+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broomfield County, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
41 Days52 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 19 Days Ago

Newest Listings in Broomfield County, CO

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