Is 80005, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80005 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80005 has remained a Seller's Market.

Key Takeaway

80005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80005, CO

How much do homes in 80005, CO cost?

Median Sold Price

$650,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,200(-0.6%)

Key Takeaway

Homes in 80005 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 80005 was $650,000 in April 2024, down 0.6% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $268.5K$248.2K
-7.5%
2 $400K$408.5K
+2.1%
3 $610K$600K
-1.6%
4 $700.2K$704.5K
+0.6%
5+ $827.5K$881.5K
+6.5%

Summary: 80005 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

80004
+2.5%
80003
+0.9%
80021
0.0%
80005
-0.6%
80007
-5.3%

Housing Supply in 80005, CO

How many homes are available in 80005, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
100136+36.0%

Summary: The 80005 real estate market had 136 homes for sale in April 2024, a 36.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 2333
+43.5%
3 2938
+31.0%
4 3140
+29.0%
5+ 1422
+57.1%

Summary: The 80005 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 43.5%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1949+157.9%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80005, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in 80005 in April 2024, up by 157.9% month-over-month. Of the 49 sold homes, 45% were sold under asking, 8% were sold at asking, and 47% were sold over asking.

Days on Market for 80005, CO

How long does it take to sell a home in 80005, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days20 Days+66.0%

Summary: Homes in 80005 had an average of 20 days on market in Apr 2024, up by 66% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80005 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 49 homes were sold in 80005; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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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