Is 80601, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80601 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80601 has remained a Seller's Market.

Key Takeaway

80601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80601, CO

How much do homes in 80601, CO cost?

Median Sold Price

$519,357

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,357(+3.9%)

Key Takeaway

Homes in 80601 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 80601 was $519,357 in May 2024, up 3.9% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $375K$367.5K
-2.0%
3 $474K$499.9K
+5.5%
4 $543.1K$558.5K
+2.8%
5+ $568.7K$580K
+2.0%

Summary: 80601 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 decreased by 2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

80601
+3.9%
80602
+3.8%
80603
+2.0%
80640
-1.4%

Housing Supply in 80601, CO

How many homes are available in 80601, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
276329+19.2%

Summary: The 80601 real estate market had 329 homes for sale in May 2024, a 19.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1721
+23.5%
3 128147
+14.8%
4 94102
+8.5%
5+ 3759
+59.5%

Summary: The 80601 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 23.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 59.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5177+51.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80601, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in 80601 in May 2024, up by 51.0% month-over-month. Of the 77 sold homes, 26% were sold under asking, 45% were sold at asking, and 29% were sold over asking.

Days on Market for 80601, CO

How long does it take to sell a home in 80601, CO?

Average Sale Time

May 2023May 2024CHANGE
36 Days43 Days+17.2%

Summary: Homes in 80601 had an average of 43 days on market in May 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80601 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 77 homes were sold in 80601; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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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