Is 80207, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80207 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80207 has remained a Seller's Market.

Key Takeaway

80207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80207, CO

How much do homes in 80207, CO cost?

Median Sold Price

$634,966

$417/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$25,033(-3.8%)

Key Takeaway

Homes in 80207 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 80207 was $634,966 in March 2024, down 3.8% from last year, and the median price per square foot was $417.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $425K$312K
-26.6%
2 $460.5K$445K
-3.4%
3 $654.5K$635K
-3.0%
4 $825K$715.5K
-13.3%
5+ $809.2K$1.2M
+50.3%

Summary: 80207 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.6%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50.3%.

Median Sold Price Compared To Nearby Zip Codes

80220
+3.5%
80238
+1.8%
80216
-1.4%
80207
-3.8%
80239
-8.8%

Housing Supply in 80207, CO

How many homes are available in 80207, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
116133+14.7%

Summary: The 80207 real estate market had 133 homes for sale in March 2024, a 14.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1922
+15.8%
3 3335
+6.1%
4 4450
+13.6%
5+ 1824
+33.3%

Summary: The 80207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2440+66.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80207, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in 80207 in March 2024, up by 66.7% month-over-month. Of the 40 sold homes, 38% were sold under asking, 23% were sold at asking, and 40% were sold over asking.

Days on Market for 80207, CO

How long does it take to sell a home in 80207, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days29 Days+1.0%

Summary: Homes in 80207 had an average of 29 days on market in Mar 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80207 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 40 homes were sold in 80207; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% 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 18 Days Ago

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