First Integrity Title Market Report

Broomfield, CO

Single-Family Homes

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Broomfield, CO

Tue Jun 06 2023
This week the median list price for Broomfield, CO is $782,450 with the market action index hovering around 61. This is less than last month's market action index of 70. Inventory has increased to 70. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Broomfield, CO

Tue Jun 06 2023
This week the median list price for Broomfield, CO is $782,450 with the market action index hovering around 61. This is less than last month's market action index of 70. Inventory has increased to 70. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Broomfield market.
Median List Price $782,450
Median Price of New Listings $757,450
Per Square Foot $257
Average Days on Market 53
Median Days on Market 28
Price Decreased 39%
Price Increased 0%
Relisted 7%
Inventory 70
Median Rent
Market Action 61
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
$1,725,000 5,266 0.25 - 0.5 acre 5 4.5 12 1 4 21
$925,000 4,144 8,000 - 10,000 sqft 4 3 18 2 4 21
$704,000 2,912 4,500 - 6,500 sqft 3 2.5 16 3 5 28
$579,950 2,001 4,500 - 6,500 sqft 4 2.3 40 2 4 31