Is 80631, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80631 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80631 has remained a Seller's Market.

Key Takeaway

80631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80631, CO

How much do homes in 80631, CO cost?

Median Sold Price

$362,100

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$2,700(+0.8%)

Key Takeaway

Homes in 80631 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 80631 was $362,100 in April 2024, up 0.8% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $250K$235K
-6.0%
2 $293K$308.5K
+5.3%
3 $342K$348.4K
+1.9%
4 $381.5K$375K
-1.7%
5+ $404.5K$440K
+8.8%

Summary: 80631 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

80631
+0.8%
80634
-0.6%
80620
-2.4%

Housing Supply in 80631, CO

How many homes are available in 80631, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
110117+6.4%

Summary: The 80631 real estate market had 117 homes for sale in April 2024, a 6.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1916
-15.8%
3 3741
+10.8%
4 2832
+14.3%
5+ 2426
+8.3%

Summary: The 80631 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 decreased by 15.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3832-15.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80631, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in 80631 in April 2024, down by 15.8% month-over-month. Of the 32 sold homes, 28% were sold under asking, 38% were sold at asking, and 34% were sold over asking.

Days on Market for 80631, CO

How long does it take to sell a home in 80631, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days44 Days+24.6%

Summary: Homes in 80631 had an average of 44 days on market in Apr 2024, up by 24.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80631 has remained consistent over time.

Summary: During April 2024, 32 homes were sold in 80631; 44% of homes were sold within 30 days, 47% 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 Apr 1, 2024

Newest Listings in 80631, CO

Nearby Markets to 80631, CO