Is 80227, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80227 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80227 has remained a Seller's Market.

Key Takeaway

80227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$25,000(+4.7%)

Key Takeaway

Homes in 80227 have sold for 4.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $286.5K$247.2K
-13.7%
2 $358.6K$335K
-6.6%
3 $519.9K$575K
+10.6%
4 $660K$662.5K
0.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

80235
+64.8%
80227
+4.7%
80232
+3.7%
80228
+2.1%
80236
-6.2%

Housing Supply in 80227, CO

How many homes are available in 80227, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
73112+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

# BEDSMar 2024Apr 2024CHANGE
1 57
+40.0%
2 2639
+50.0%
3 2029
+45.0%
4 1326
+100.0%
5+ 911
+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 2024Apr 2024CHANGE
1440+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80227, you could pay more than the asking price. 45% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
16 Days14 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80227 are selling fast, if you're buying plan to act quickly.

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.

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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