Is 80003, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80003 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80003 has remained a Seller's Market.

Key Takeaway

80003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80003, CO

How much do homes in 80003, CO cost?

Median Sold Price

$551,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+0.9%)

Key Takeaway

Homes in 80003 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 80003 was $551,000 in April 2024, up 0.9% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $299K$207.5K
-30.6%
2 $362K$350K
-3.3%
3 $545K$527.7K
-3.2%
4 $580K$590K
+1.7%
5+ $602.4K$649.7K
+7.9%

Summary: 80003 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Zip Codes

80221
+2.8%
80030
+2.7%
80002
+1.3%
80003
+0.9%
80031
-0.9%

Housing Supply in 80003, CO

How many homes are available in 80003, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
77115+49.4%

Summary: The 80003 real estate market had 115 homes for sale in April 2024, a 49.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1927
+42.1%
3 1624
+50.0%
4 3045
+50.0%
5+ 1117
+54.5%

Summary: The 80003 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 54.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1833+83.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80003, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 80003 in April 2024, up by 83.3% month-over-month. Of the 33 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for 80003, CO

How long does it take to sell a home in 80003, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days22 Days+102.6%

Summary: Homes in 80003 had an average of 22 days on market in Apr 2024, up by 102.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80003 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 80003; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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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