Is 80601, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80601 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80601 has remained a Seller's Market.

Key Takeaway

80601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80601, CO

How much do homes in 80601, CO cost?

Median Sold Price

$520,935

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,935(+2.1%)

Key Takeaway

Homes in 80601 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 80601 was $520,935 in April 2024, up 2.1% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $375K$370K
-1.3%
3 $480K$490K
+2.1%
4 $550.8K$559K
+1.5%
5+ $572.8K$604K
+5.4%

Summary: 80601 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 1.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

80602
+3.1%
80601
+2.1%
80603
0.4%
80640
-4.8%

Housing Supply in 80601, CO

How many homes are available in 80601, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
159233+46.5%

Summary: The 80601 real estate market had 233 homes for sale in April 2024, a 46.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 714
+100.0%
3 6895
+39.7%
4 7092
+31.4%
5+ 1432
+128.6%

Summary: The 80601 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 100%, 3 bedroom homes increased by 39.7%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 128.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1648+200.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80601, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.

Summary: A total of 48 homes were sold or pending in 80601 in April 2024, up by 200.0% month-over-month. Of the 48 sold homes, 21% were sold under asking, 54% were sold at asking, and 25% were sold over asking.

Days on Market for 80601, CO

How long does it take to sell a home in 80601, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days39 Days+36.5%

Summary: Homes in 80601 had an average of 39 days on market in Apr 2024, up by 36.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80601 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 48 homes were sold in 80601; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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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