Is 80221, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80221 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80221 has remained a Seller's Market.

Key Takeaway

80221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80221, CO

How much do homes in 80221, CO cost?

Median Sold Price

$550,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,791(+2.8%)

Key Takeaway

Homes in 80221 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 80221 was $550,000 in April 2024, up 2.8% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $399K$210K
-47.4%
2 $485K$443.5K
-8.6%
3 $595K$585K
-1.7%
4 $513.2K$571K
+11.3%
5+ $525.3K$610K
+16.1%

Summary: 80221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

80221
+2.8%
80030
+2.7%
80212
-0.3%
80211
-4.6%
80216
-9.8%

Housing Supply in 80221, CO

How many homes are available in 80221, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96153+59.4%

Summary: The 80221 real estate market had 153 homes for sale in April 2024, a 59.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 1623
+43.8%
3 3561
+74.3%
4 3547
+34.3%
5+ 719
+171.4%

Summary: The 80221 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 74.3%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 171.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1435+150.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80221, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 80221 in April 2024, up by 150.0% month-over-month. Of the 35 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.

Days on Market for 80221, CO

How long does it take to sell a home in 80221, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days30 Days+177.3%

Summary: Homes in 80221 had an average of 30 days on market in Apr 2024, up by 177.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80221 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 35 homes were sold in 80221; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% 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 7 Days Ago

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