Is 80521, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80521 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80521 has remained a Seller's Market.

Key Takeaway

80521 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80521, CO

How much do homes in 80521, CO cost?

Median Sold Price

$525,000

$358/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,000(-4.5%)

Key Takeaway

Homes in 80521 have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in 80521 was $525,000 in May 2024, down 4.5% from last year, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $300K$304.5K
+1.5%
2 $402.7K$410K
+1.8%
3 $515K$500K
-2.9%
4 $605K$600K
-0.8%
5+ $717.5K$825K
+15.0%

Summary: 80521 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

80524
+5.5%
80526
+1.0%
80535
-2.5%
80521
-4.5%
80512
-30.3%

Housing Supply in 80521, CO

How many homes are available in 80521, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
102106+3.9%

Summary: The 80521 real estate market had 106 homes for sale in May 2024, a 3.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 2223
+4.5%
3 2528
+12.0%
4 3330
-9.1%
5+ 1820
+11.1%

Summary: The 80521 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3223-28.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80521, expect to pay close to the asking price. 52.2% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in 80521 in May 2024, down by 28.1% month-over-month. Of the 23 sold homes, 26% were sold under asking, 52% were sold at asking, and 22% were sold over asking.

Days on Market for 80521, CO

How long does it take to sell a home in 80521, CO?

Average Sale Time

May 2023May 2024CHANGE
36 Days48 Days+30.9%

Summary: Homes in 80521 had an average of 48 days on market in May 2024, up by 30.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80521 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in 80521; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 9% 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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