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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broomfield is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Broomfield, CO

How much do homes in Broomfield, CO cost?

Median Sold Price

$624,531

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,231(+0.8%)

Key Takeaway

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

Summary: The median home sold price in Broomfield was $624,531 in April 2024, up 0.8% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $312.5K$347.2K
+11.1%
2 $524K$550K
+5.0%
3 $575K$572.7K
-0.4%
4 $662.2K$673.7K
+1.7%
5+ $870K$927K
+6.6%

Summary: Broomfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Lafayette
+0.9%
Broomfield
+0.8%
Westminster
+0.8%
Lafayette-Louisville
0%
Louisville
-0.6%

Housing Supply in Broomfield, CO

How many homes are available in Broomfield, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
301390+29.6%

Summary: The Broomfield real estate market had 390 homes for sale in April 2024, a 29.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 5669
+23.2%
3 89124
+39.3%
4 99125
+26.3%
5+ 5468
+25.9%

Summary: The Broomfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
50105+110.0%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broomfield, you could pay more than the asking price. 36.2% of homes here sold above asking price last month.

Summary: A total of 105 homes were sold or pending in Broomfield in April 2024, up by 110.0% month-over-month. Of the 105 sold homes, 32% were sold under asking, 31% were sold at asking, and 36% were sold over asking.

Days on Market for Broomfield, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days37 Days+78.8%

Summary: Homes in Broomfield had an average of 37 days on market in Apr 2024, up by 78.8% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 105 homes were sold in Broomfield; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

Newest Listings in Broomfield, CO

Nearby Markets to Broomfield, CO

What housing markets are near Broomfield, CO?