Is 80123, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 80123 has remained a Seller's Market.
Key Takeaway
80123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80123, CO
How much do homes in 80123, CO cost?
Median Sold Price
$628,666
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 80123 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 80123 was $628,666 in April 2024, up 4.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $311K | -7.2% |
| 2 Bedrooms | $417.5K | $420K | +0.6% |
| 3 Bedrooms | $600K | $600K | 0.0% |
| 4 Bedrooms | $688.7K | $744.5K | +8.1% |
| 5+ Bedrooms | $935K | $1.3M | +46.4% |
Summary: 80123 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 46.4%.
Housing Supply in 80123, CO
How many homes are available in 80123, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 190 | +46.2% |
Summary: The 80123 real estate market had 190 homes for sale in April 2024, a 46.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 38 | 50 | +31.6% |
| 3 Bedrooms | 29 | 49 | +69.0% |
| 4 Bedrooms | 38 | 55 | +44.7% |
| 5+ Bedrooms | 17 | 28 | +64.7% |
Summary: The 80123 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 31.6%, 3 bedroom homes increased by 69%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes increased by 64.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 53 | +140.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80123, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in 80123 in April 2024, up by 140.9% month-over-month. Of the 53 sold homes, 28% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for 80123, CO
How long does it take to sell a home in 80123, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -37.6% |
Summary: Homes in 80123 had an average of 9 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80123 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 53 homes were sold in 80123; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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