Is 80247, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80247 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80247 was a Seller's Market.

Key Takeaway

80247 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 80247, CO

How much do homes in 80247, CO cost?

Median Sold Price

$315,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$39,250(-11.1%)

Key Takeaway

Homes in 80247 have sold for 11.1% less than they did a year ago.

Summary: The median home sold price in 80247 was $315,000 in April 2024, down 11.1% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $222.5K$222.5K
0.0%
2 $335K$300K
-10.4%
3 $500K$529.9K
+6.0%
4 $637.5K$757.9K
+18.9%
5+ $601K$607K
+1.0%

Summary: 80247 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Zip Codes

80231
+13.7%
80012
+4.5%
80230
+1.6%
80010
+1.0%
80247
-11.1%

Housing Supply in 80247, CO

How many homes are available in 80247, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
111165+48.6%

Summary: The 80247 real estate market had 165 homes for sale in April 2024, a 48.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1228
+133.3%
2 79105
+32.9%
3 1322
+69.2%
4 45
+25.0%
5+ 35
+66.7%

Summary: The 80247 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 69.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1325+92.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80247, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 80247 in April 2024, up by 92.3% month-over-month. Of the 25 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.

Days on Market for 80247, CO

How long does it take to sell a home in 80247, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days55 Days+100.2%

Summary: Homes in 80247 had an average of 55 days on market in Apr 2024, up by 100.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80247 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 25 homes were sold in 80247; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% 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 80247, CO

Nearby Markets to 80247, CO