Is 80247, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 80247 was a Seller's Market.
Housing Prices in 80247, CO
How much do homes in 80247, CO cost?
Median Sold Price
$305,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 80247 was $305,000 in May 2024, down 12.9% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214K | $222.5K | +4.0% |
2 Bedrooms | $330K | $297K | -10.0% |
3 Bedrooms | $500K | $527.5K | +5.5% |
4 Bedrooms | $530K | $600K | +13.2% |
5+ Bedrooms | $601K | $607K | +1.0% |
Summary: 80247 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 1%.
Housing Supply in 80247, CO
How many homes are available in 80247, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
169 | 217 | +28.4% |
Summary: The 80247 real estate market had 217 homes for sale in May 2024, a 28.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 30 | +11.1% |
2 Bedrooms | 114 | 145 | +27.2% |
3 Bedrooms | 20 | 28 | +40.0% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 80247 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 80247 in May 2024, up by 14.3% month-over-month. Of the 32 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 80247, CO
How long does it take to sell a home in 80247, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -11.2% |
Summary: Homes in 80247 had an average of 34 days on market in May 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in 80247; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.