First Integrity Title Market Report

Broomfield, CO

Single-Family Homes

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Broomfield, CO

Mon Dec 11 2023
This week the median list price for Broomfield, CO is $749,581 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 106. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Broomfield, CO

Mon Dec 11 2023
This week the median list price for Broomfield, CO is $749,581 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 106. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Broomfield market.
Median List Price $749,581
Median Price of New Listings $750,000
Per Square Foot $263
Average Days on Market 80
Median Days on Market 60
Price Decreased 56%
Price Increased 1%
Relisted 10%
Inventory 106
Median Rent
Market Action 40
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$1,298,500 5,273 0.25 - 0.5 acre 5 4.3 17 1 3 101
$859,999 3,498 8,000 - 10,000 sqft 4 3 17 3 3 56
$674,900 2,394 4,500 - 6,500 sqft 3 3 20 1 3 63
$529,999 1,875 6,500 - 8,000 sqft 3 2 46 4 4 35