Is 80304, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80304 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 80304 was a Seller's Market.

Key Takeaway

80304 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 80304, CO

How much do homes in 80304, CO cost?

Median Sold Price

$1,428,812

$653/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$118,812(+9.1%)

Key Takeaway

Homes in 80304 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 80304 was $1,428,812 in April 2024, up 9.1% from last year, and the median price per square foot was $653.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $340K$407.4K
+19.8%
2 $605K$785.6K
+29.9%
3 $1.2M$1.2M
0.0%
4 $1.7M$1.9M
+14.9%
5+ $2.3M$2.5M
+7.9%

Summary: 80304 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 29.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Zip Codes

80304
+9.1%
80301
+6.1%
80302
-5.7%

Housing Supply in 80304, CO

How many homes are available in 80304, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
148206+39.2%

Summary: The 80304 real estate market had 206 homes for sale in April 2024, a 39.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1617
+6.3%
2 1319
+46.2%
3 3142
+35.5%
4 5379
+49.1%
5+ 3549
+40.0%

Summary: The 80304 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 49.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2230+36.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80304, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 80304 in April 2024, up by 36.4% month-over-month. Of the 30 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.

Days on Market for 80304, CO

How long does it take to sell a home in 80304, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days52 Days+17.0%

Summary: Homes in 80304 had an average of 52 days on market in Apr 2024, up by 17% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80304 has remained consistent over time.

Summary: During April 2024, 30 homes were sold in 80304; 37% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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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