Is 80223, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80223 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80223 has remained a Seller's Market.

Key Takeaway

80223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80223, CO

How much do homes in 80223, CO cost?

Median Sold Price

$498,500

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$51,500(-9.4%)

Key Takeaway

Homes in 80223 have sold for 9.4% less than they did a year ago.

Summary: The median home sold price in 80223 was $498,500 in April 2024, down 9.4% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $395K$380K
-3.8%
2 $500K$452.5K
-9.5%
3 $567K$515K
-9.2%
4 $603K$583K
-3.3%
5+ $910K$925K
+1.6%

Summary: 80223 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

80209
+15.0%
80219
-1.0%
80223
-9.4%
80210
-12.1%
80203
-16.3%

Housing Supply in 80223, CO

How many homes are available in 80223, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5895+63.8%

Summary: The 80223 real estate market had 95 homes for sale in April 2024, a 63.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 511
+120.0%
2 1725
+47.1%
3 2036
+80.0%
4 1216
+33.3%
5+ 47
+75.0%

Summary: The 80223 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 120%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
527+440.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80223, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 80223 in April 2024, up by 440.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 19% were sold at asking, and 52% were sold over asking.

Days on Market for 80223, CO

How long does it take to sell a home in 80223, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days30 Days+140.7%

Summary: Homes in 80223 had an average of 30 days on market in Apr 2024, up by 140.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80223 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 27 homes were sold in 80223; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% 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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