This is the October 2017 Real Estate Market Report for
Greeley CO Homes for Sale in Zip Code 80631
The 80631 zip code consists of the northern and eastern portions of the city, including the central business district and the University of Northern Colorado, along with established older neighborhoods, scattered new housing development, and semi-rural and rural areas to the north and east of the city limits.
The number of homes for sale in Zip Code 80631 is far short of what is needed to satisfy buyer demand - there are only 35 homes currently listed, priced from a low of $47,900 to a high of $2,200,000, providing a small selection of locations, sizes, styles and price. There are an additional 54 homes under contract and waiting to close. Without an increase in inventory to bring some balance back to the market, we will see home prices continue to rise in the area.
Homes have sold well in the 80631 zip code area so far this year, even with the limits imposed by a shortage of homes for sale - there have been 309 sales, ranging in price from a low of $42,700 to a high of $1,010,000, with a median price of $220,000 and an average price of $238,589. Market performance has been very good, with an average days to offer of 20 and an average days on the market of 48. The sale price/list price ratio for these 309 homes was 99.96%, showing and high buyer demand.
If you'd like to browse the available inventory, check out Homes for Sale in Greeley CO Zip Code 80631. When you find a home that interests you, please give us a call - we would love to schedule a showing for you at your convenience.
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