Your Local Market Report

Broomfield, CO

Single-Family Homes

How's the Market?



Broomfield, CO

Mon Oct 07 2024
This week the median list price for Broomfield, CO is $765,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 153. Click here to stay informed with the Broomfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Broomfield, CO

Mon Oct 07 2024
This week the median list price for Broomfield, CO is $765,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 153. Click here to stay informed with the Broomfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Broomfield market.
Median List Price $765,000
Median Price of New Listings $653,584
Per Square Foot $296
Average Days on Market 68
Median Days on Market 35
Price Decreased 49%
Price Increased 1%
Relisted 12%
Inventory 153
Median Rent
Market Action 45
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,364,500 4,612 0.25 - 0.5 acre 5 4.1 18 3 3 98
$862,450 3,255 8,000 - 10,000 sqft 4 2.5 19 7 8 35
$637,500 2,228 4,500 - 6,500 sqft 4 2.5 28 8 10 28
$550,000 1,831 6,500 - 8,000 sqft 3 1.5 47 10 11 21