Is 80004, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80004 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80004 has remained a Seller's Market.

Key Takeaway

80004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80004, CO

How much do homes in 80004, CO cost?

Median Sold Price

$650,431

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,931(+2.5%)

Key Takeaway

Homes in 80004 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 80004 was $650,431 in April 2024, up 2.5% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $330K$415.2K
+25.8%
2 $460K$465K
+1.1%
3 $620K$600K
-3.2%
4 $650K$665K
+2.3%
5+ $691.6K$685K
-1.0%

Summary: 80004 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Zip Codes

80004
+2.5%
80002
+1.3%
80003
+0.9%
80005
-0.6%
80007
-5.3%

Housing Supply in 80004, CO

How many homes are available in 80004, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
83120+44.6%

Summary: The 80004 real estate market had 120 homes for sale in April 2024, a 44.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 613
+116.7%
3 2734
+25.9%
4 2942
+44.8%
5+ 2030
+50.0%

Summary: The 80004 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 116.7%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1742+147.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80004, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in 80004 in April 2024, up by 147.1% month-over-month. Of the 42 sold homes, 31% were sold under asking, 14% were sold at asking, and 55% were sold over asking.

Days on Market for 80004, CO

How long does it take to sell a home in 80004, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days16 Days+12.8%

Summary: Homes in 80004 had an average of 16 days on market in Apr 2024, up by 12.8% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80004 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 42 homes were sold in 80004; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% 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 16 Days Ago

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