Is 80120, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80120 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80120 has remained a Seller's Market.

Key Takeaway

80120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80120, CO

How much do homes in 80120, CO cost?

Median Sold Price

$659,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,000(-0.2%)

Key Takeaway

The sold price of homes in 80120 has remained the same since last year.

Summary: The median home sold price in 80120 was $659,000 in April 2024, down 0.2% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $242.5K$285.2K
+17.6%
2 $474.9K$475K
0.0%
3 $630K$590K
-6.3%
4 $690K$750K
+8.7%
5+ $837.5K$850K
+1.5%

Summary: 80120 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

80121
+8.9%
80123
+4.8%
80122
-0.1%
80120
-0.2%
80129
-3.9%

Housing Supply in 80120, CO

How many homes are available in 80120, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5891+56.9%

Summary: The 80120 real estate market had 91 homes for sale in April 2024, a 56.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 25
+150.0%
2 711
+57.1%
3 1422
+57.1%
4 1827
+50.0%
5+ 1726
+52.9%

Summary: The 80120 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 52.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
825+212.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80120, you could pay more than the asking price. 64% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 80120 in April 2024, up by 212.5% month-over-month. Of the 25 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% were sold over asking.

Days on Market for 80120, CO

How long does it take to sell a home in 80120, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days10 Days+9.6%

Summary: Homes in 80120 had an average of 10 days on market in Apr 2024, up by 9.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80120 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 80120; 92% of homes were sold within 30 days, 4% 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 16 Days Ago

Newest Listings in 80120, CO

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