Is 80002, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80002 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80002 was a Buyer's Market.

Key Takeaway

80002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80002, CO

How much do homes in 80002, CO cost?

Median Sold Price

$575,000

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,500(+1.3%)

Key Takeaway

Homes in 80002 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 80002 was $575,000 in April 2024, up 1.3% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $357.5K$365K
+2.1%
2 $480K$515K
+7.3%
3 $587K$560.9K
-4.4%
4 $692.4K$645K
-6.9%
5+ $725K$874K
+20.6%

Summary: 80002 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Zip Codes

80004
+2.5%
80002
+1.3%
80003
+0.9%
80212
-0.3%
80033
-7.4%

Housing Supply in 80002, CO

How many homes are available in 80002, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4367+55.8%

Summary: The 80002 real estate market had 67 homes for sale in April 2024, a 55.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 613
+116.7%
3 1723
+35.3%
4 1424
+71.4%
5+ 46
+50.0%

Summary: The 80002 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 116.7%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
622+266.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80002, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 80002 in April 2024, up by 266.7% month-over-month. Of the 22 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for 80002, CO

How long does it take to sell a home in 80002, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days30 Days+175.6%

Summary: Homes in 80002 had an average of 30 days on market in Apr 2024, up by 175.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80002 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 22 homes were sold in 80002; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% 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 Apr 1, 2024

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