I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Colorado
💡 Key Colorado housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $542,085[1] | #5 of 50 states | 48.5% higher |
Median Listing Price | $579,000[2] | #8 of 50 states | 33.7% higher |
Median Sale Price | $647,500[3] | #4 of 50 states | 56.4% higher |
30 Year Mortgage Rate | 7.03%[4] | #34 of 50 states | 0.8% higher |
Median Days on Market | 67[5] | #34 of 50 states | 8.8% longer |
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🗺️ Buying a house in the Colorado real estate market
Colorado has an affordability score of 8.6, meaning it takes 8.6 years of the median household income ($75,231) to afford Colorado's median home sale price ($647,500). Because of this, we rank Colorado as the 4th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $647,500[6] | #4 of 50 states | 56.4% higher |
30 Year Mortgage Rate | 7.03%[7] | #34 of 50 states | 0.8% higher |
Median Household Income | $75,231[8] | #11 of 50 states | 16.6% higher |
Affordability Ratio | 8.6 | #47 of 50 states | 36.1% higher |
Buyers Agent Commission | 2.62%[9] | #39 of 50 states | 3.2% higher |
Resources for Colorado home buyers
Preparing to buy in Colorado
🗺️ Selling a house in the Colorado real estate market
According to our detailed survey of Colorado real estate agents, listing agents (those representing the seller) charge an average commission in Colorado of 2.67%, which is the 16th lowest in the United States. Buyers' agents charge an average commission of 2.62%, which is the 12th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $579,000[10] | #8 of 50 states | 33.7% higher |
Median Sale Price | $647,500[11] | #4 of 50 states | 56.4% higher |
Median Days on Market | 67[12] | #34 of 50 states | 8.8% longer |
Buyer's Agent Commission | 2.62%[13] | #39 of 50 states | 3.2% higher |
Listing Agent Commission | 2.67%[14] | #16 of 50 states | 2% lower |
Resources for Colorado home sellers
Preparing to sell in Colorado
- 8 Steps to Selling a House in Colorado
- Average Time to Sell a House in Colorado
- When Is the Best Time to Sell a House in Colorado?
- Top Real Estate Agents in Colorado
Colorado home selling costs and requirements
Moving to Colorado
According to our recent moving trends survey[15], Colorado is the 7th most desirable state to move to, with 16% of Americans indicating that they would choose to move there if money were no object. Likewise, 13% of survey respondents indicated that they would move to Denver among a choice of America's largest cities. Among medium-sized cities, 19% indicated that they would move to Colorado Springs.
Here's how Colorado cities rank in a number of our research studies.
Study | Best Colorado city | Rank |
Best Pizza Cities[16] | Denver | best |
Best Coffee Cities[17] | Denver | 4th best |
Best LGBTQ Cities[18] | Denver | 5th best |
Best Bike Cities[19] | Denver | 8th best |
Best Commuter Cities[20] | Denver | 24th best |