First American Market Report

Broomfield, CO

Single-Family Homes

First American Title | 303.305.1350 | www.firstam.com/title/co



Broomfield, CO

Sat Jul 11 2020
This week the median list price for Broomfield, CO is $699,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 103. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Broomfield, CO

Sat Jul 11 2020
This week the median list price for Broomfield, CO is $699,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 103. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Broomfield market.
Median List Price $699,000
Per Square Foot $221
Days on Market 44
Price Decreased 34%
Price Increased 4%
Relisted 36%
Inventory 103
Median Rent $2,400
Most Expensive $2,350,000
Least Expensive $65,000
Market Action 48
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
$975,000 4,463 0.25 - 0.5 acre 5 4 6 4 5 52
$749,450 3,814 8,000 - 10,000 sqft 4 3 13 7 1 46
$649,975 2,986 6,500 - 8,000 sqft 4 3 6 6 7 35
$494,945 2,035 4,500 - 6,500 sqft 3 2 14 10 9 41