Is 80027, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80027 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80027 has remained a Seller's Market.

Key Takeaway

80027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80027, CO

How much do homes in 80027, CO cost?

Median Sold Price

$849,833

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,620(+1.5%)

Key Takeaway

Homes in 80027 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 80027 was $849,833 in April 2024, up 1.5% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $325.5K$350K
+7.5%
2 $508.7K$455K
-10.6%
3 $770K$770.7K
0.1%
4 $902.2K$940K
+4.2%
5+ $1.1M$1.1M
+1.1%

Summary: 80027 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

80303
+13.0%
80027
+1.5%
80020
+0.8%
80021
0.0%
80026
-0.4%

Housing Supply in 80027, CO

How many homes are available in 80027, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
133174+30.8%

Summary: The 80027 real estate market had 174 homes for sale in April 2024, a 30.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 2129
+38.1%
3 3946
+17.9%
4 3353
+60.6%
5+ 3843
+13.2%

Summary: The 80027 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 60.6%, and 5+ bedroom homes increased by 13.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2739+44.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80027, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 80027 in April 2024, up by 44.4% month-over-month. Of the 39 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% were sold over asking.

Days on Market for 80027, CO

How long does it take to sell a home in 80027, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
43 Days50 Days+15.2%

Summary: Homes in 80027 had an average of 50 days on market in Apr 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80027 has remained consistent over time.

Summary: During April 2024, 39 homes were sold in 80027; 38% of homes were sold within 30 days, 49% 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 1 Day Ago

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