Is 80227, 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, 80227 has remained a Seller's Market.
Housing Prices in 80227, CO
How much do homes in 80227, CO cost?
Median Sold Price
$555,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 80227 was $555,000 in April 2024, up 4.7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.5K | $247.2K | -13.7% |
2 Bedrooms | $358.6K | $335K | -6.6% |
3 Bedrooms | $519.9K | $575K | +10.6% |
4 Bedrooms | $660K | $662.5K | 0.4% |
5+ Bedrooms | $764.9K | $900K | +17.7% |
Summary: 80227 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 80227, CO
How many homes are available in 80227, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 112 | +53.4% |
Summary: The 80227 real estate market had 112 homes for sale in April 2024, a 53.4% 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 | 39 | +50.0% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 13 | 26 | +100.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 80227 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 50%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 40 | +185.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 80227 in April 2024, up by 185.7% month-over-month. Of the 40 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% were sold over asking.
Days on Market for 80227, CO
How long does it take to sell a home in 80227, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -13.2% |
Summary: Homes in 80227 had an average of 14 days on market in Apr 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in 80227; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.