Is 80615, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80615 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80615 has remained a Seller's Market.

Key Takeaway

80615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80615, CO

How much do homes in 80615, CO cost?

Median Sold Price

$462,750

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$16,700(-3.5%)

Key Takeaway

Homes in 80615 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 80615 was $462,750 in May 2024, down 3.5% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $247.5K-
N/A
2 $329K$365K
+10.9%
3 $425K$455K
+7.1%
4 $460K$463K
+0.7%
5+ $600K$590K
-1.7%

Summary: 80615 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

80631
+1.7%
80610
0.0%
80615
-3.5%

Housing Supply in 80615, CO

How many homes are available in 80615, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4050+25.0%

Summary: The 80615 real estate market had 50 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 69
+50.0%
3 2022
+10.0%
4 66
0.0%
5+ 812
+50.0%

Summary: The 80615 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80615, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 80615 in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 80615, CO

How long does it take to sell a home in 80615, CO?

Average Sale Time

May 2023May 2024CHANGE
49 Days74 Days+49.8%

Summary: Homes in 80615 had an average of 74 days on market in May 2024, up by 49.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80615 has remained consistent over time.

Summary: During May 2024, 9 homes were sold in 80615; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 2 Days Ago

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