Is 80017, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80017 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80017 has remained a Seller's Market.

Key Takeaway

80017 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80017, CO

How much do homes in 80017, CO cost?

Median Sold Price

$420,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-3.4%)

Key Takeaway

Homes in 80017 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 80017 was $420,000 in May 2024, down 3.4% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $212K$224.2K
+5.8%
2 $333.8K$325K
-2.6%
3 $451.5K$438K
-3.0%
4 $500K$485K
-3.0%
5+ $530K$535K
+0.9%

Summary: 80017 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

80011
+3.5%
80013
-0.5%
80018
-2.4%
80017
-3.4%

Housing Supply in 80017, CO

How many homes are available in 80017, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
161201+24.8%

Summary: The 80017 real estate market had 201 homes for sale in May 2024, a 24.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1816
-11.1%
2 4859
+22.9%
3 4666
+43.5%
4 3850
+31.6%
5+ 1110
-9.1%

Summary: The 80017 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3447+38.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80017, expect to pay close to the asking price. 42.6% of homes here sold near the asking price last month.

Summary: A total of 47 homes were sold or pending in 80017 in May 2024, up by 38.2% month-over-month. Of the 47 sold homes, 23% were sold under asking, 43% were sold at asking, and 34% were sold over asking.

Days on Market for 80017, CO

How long does it take to sell a home in 80017, CO?

Average Sale Time

May 2023May 2024CHANGE
10 Days20 Days+98.8%

Summary: Homes in 80017 had an average of 20 days on market in May 2024, up by 98.8% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80017 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 47 homes were sold in 80017; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% 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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