Is 80022, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80022 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80022 has remained a Seller's Market.

Key Takeaway

80022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80022, CO

How much do homes in 80022, CO cost?

Median Sold Price

$525,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$17,500(-3.2%)

Key Takeaway

Homes in 80022 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 80022 was $525,000 in April 2024, down 3.2% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $319.9K$376K
+17.5%
2 $371K$379K
+2.2%
3 $524.9K$498.3K
-5.1%
4 $589.9K$574.9K
-2.5%
5+ $620K$601.4K
-3.0%

Summary: 80022 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Zip Codes

80022
-3.2%
80640
-4.8%
80249
-4.9%
80239
-8.6%

Housing Supply in 80022, CO

How many homes are available in 80022, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
235348+48.1%

Summary: The 80022 real estate market had 348 homes for sale in April 2024, a 48.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 2738
+40.7%
3 100148
+48.0%
4 68109
+60.3%
5+ 3953
+35.9%

Summary: The 80022 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 60.3%, and 5+ bedroom homes increased by 35.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1495+578.6%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80022, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 95 homes were sold or pending in 80022 in April 2024, up by 578.6% month-over-month. Of the 95 sold homes, 29% were sold under asking, 40% were sold at asking, and 31% were sold over asking.

Days on Market for 80022, CO

How long does it take to sell a home in 80022, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days33 Days+25.0%

Summary: Homes in 80022 had an average of 33 days on market in Apr 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80022 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 95 homes were sold in 80022; 69% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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