Is 80550, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80550 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80550 has remained a Seller's Market.

Key Takeaway

80550 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80550, CO

How much do homes in 80550, CO cost?

Median Sold Price

$545,049

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,123(+0.2%)

Key Takeaway

The sold price of homes in 80550 has remained the same since last year.

Summary: The median home sold price in 80550 was $545,049 in April 2024, up 0.2% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $349.8K$359.4K
+2.8%
2 $427K$387.5K
-9.2%
3 $490.6K$480K
-2.2%
4 $573.7K$568.5K
-0.9%
5+ $685K$727.8K
+6.3%

Summary: 80550 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

80525
+7.1%
80550
0.2%
80528
-3.2%

Housing Supply in 80550, CO

How many homes are available in 80550, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
354400+13.0%

Summary: The 80550 real estate market had 400 homes for sale in April 2024, a 13.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1220
+66.7%
3 113115
+1.8%
4 124147
+18.5%
5+ 104116
+11.5%

Summary: The 80550 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 11.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8285+3.7%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80550, expect to pay close to the asking price. 38.8% of homes here sold near the asking price last month.

Summary: A total of 85 homes were sold or pending in 80550 in April 2024, up by 3.7% month-over-month. Of the 85 sold homes, 38% were sold under asking, 39% were sold at asking, and 24% were sold over asking.

Days on Market for 80550, CO

How long does it take to sell a home in 80550, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
67 Days65 Days-2.3%

Summary: Homes in 80550 had an average of 65 days on market in Apr 2024, down by 2.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80550 has remained consistent over time.

Summary: During April 2024, 85 homes were sold in 80550; 29% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 20% 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 Apr 1, 2024

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