Is 80224, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 80224 has remained a Seller's Market.
Key Takeaway
80224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80224, CO
How much do homes in 80224, CO cost?
Median Sold Price
$649,250
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 80224 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 80224 was $649,250 in April 2024, down 2.4% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286K | $295K | +3.2% |
| 2 Bedrooms | $365K | $325K | -11.0% |
| 3 Bedrooms | $627.5K | $658.7K | +5.0% |
| 4 Bedrooms | $739K | $755K | +2.2% |
| 5+ Bedrooms | $755K | $940K | +24.5% |
Summary: 80224 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 24.5%.
Housing Supply in 80224, CO
How many homes are available in 80224, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 134 | +57.6% |
Summary: The 80224 real estate market had 134 homes for sale in April 2024, a 57.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 26 | 42 | +61.5% |
| 3 Bedrooms | 20 | 30 | +50.0% |
| 4 Bedrooms | 19 | 36 | +89.5% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 80224 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 89.5%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 28 | +133.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80224, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 80224 in April 2024, up by 133.3% month-over-month. Of the 28 sold homes, 29% were sold under asking, 32% were sold at asking, and 39% were sold over asking.
Days on Market for 80224, CO
How long does it take to sell a home in 80224, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +58.5% |
Summary: Homes in 80224 had an average of 15 days on market in Apr 2024, up by 58.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 80224 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 80224; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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