Is 80538, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80538 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80538 has remained a Seller's Market.

Key Takeaway

80538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80538, CO

How much do homes in 80538, CO cost?

Median Sold Price

$509,139

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,857(+1.6%)

Key Takeaway

Homes in 80538 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 80538 was $509,139 in May 2024, up 1.6% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $337K$310K
-8.0%
2 $376.6K$387K
+2.7%
3 $489.9K$489.9K
0.0%
4 $541.4K$534.5K
-1.3%
5+ $700K$650K
-7.1%

Summary: 80538 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

80525
+6.6%
80538
+1.6%
80526
+1.0%
80537
-3.8%
80528
-4.5%

Housing Supply in 80538, CO

How many homes are available in 80538, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
245319+30.2%

Summary: The 80538 real estate market had 319 homes for sale in May 2024, a 30.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 4255
+31.0%
3 100124
+24.0%
4 6290
+45.2%
5+ 3847
+23.7%

Summary: The 80538 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes increased by 23.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6276+22.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80538, you could pay more than the asking price. 38.2% of homes here sold above asking price last month.

Summary: A total of 76 homes were sold or pending in 80538 in May 2024, up by 22.6% month-over-month. Of the 76 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.

Days on Market for 80538, CO

How long does it take to sell a home in 80538, CO?

Average Sale Time

May 2023May 2024CHANGE
38 Days60 Days+56.9%

Summary: Homes in 80538 had an average of 60 days on market in May 2024, up by 56.9% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80538 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 76 homes were sold in 80538; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% 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

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