Is 80220, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80220 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 80220 has remained a Seller's Market.

Key Takeaway

80220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80220, CO

How much do homes in 80220, CO cost?

Median Sold Price

$722,375

$418/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,696(+3.5%)

Key Takeaway

Homes in 80220 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 80220 was $722,375 in March 2024, up 3.5% from last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $268.5K$257K
-4.3%
2 $445K$441K
-0.9%
3 $754K$738.3K
-2.1%
4 $875K$1.0M
+22.7%
5+ $1.7M$1.6M
-6.7%

Summary: 80220 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Zip Codes

80230
+14.3%
80220
+3.5%
80238
+1.8%
80206
-3.1%
80207
-3.8%

Housing Supply in 80220, CO

How many homes are available in 80220, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
212282+33.0%

Summary: The 80220 real estate market had 282 homes for sale in March 2024, a 33.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2328
+21.7%
2 6478
+21.9%
3 5266
+26.9%
4 4359
+37.2%
5+ 3051
+70.0%

Summary: The 80220 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes increased by 70%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4459+34.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80220, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 59 homes were sold or pending in 80220 in March 2024, up by 34.1% month-over-month. Of the 59 sold homes, 25% were sold under asking, 27% were sold at asking, and 47% were sold over asking.

Days on Market for 80220, CO

How long does it take to sell a home in 80220, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days27 Days-25.2%

Summary: Homes in 80220 had an average of 27 days on market in Mar 2024, down by 25.2% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80220 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 59 homes were sold in 80220; 76% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% 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 27 Days Ago

Newest Listings in 80220, CO

Nearby Markets to 80220, CO