Is 80228, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80228 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80228 has remained a Seller's Market.

Key Takeaway

80228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80228, CO

How much do homes in 80228, CO cost?

Median Sold Price

$683,750

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,750(+2.1%)

Key Takeaway

Homes in 80228 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 80228 was $683,750 in April 2024, up 2.1% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $262K$275K
+5.0%
2 $360K$367.5K
+2.1%
3 $662.2K$628K
-5.2%
4 $734K$750K
+2.2%
5+ $939.6K$800K
-14.9%

Summary: 80228 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

80227
+4.7%
80232
+3.7%
80401
+2.9%
80228
+2.1%
80226
-3.3%

Housing Supply in 80228, CO

How many homes are available in 80228, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
77120+55.8%

Summary: The 80228 real estate market had 120 homes for sale in April 2024, a 55.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 812
+50.0%
2 2837
+32.1%
3 1421
+50.0%
4 1526
+73.3%
5+ 1224
+100.0%

Summary: The 80228 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 73.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
936+300.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80228, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in 80228 in April 2024, up by 300.0% month-over-month. Of the 36 sold homes, 19% were sold under asking, 39% were sold at asking, and 42% were sold over asking.

Days on Market for 80228, CO

How long does it take to sell a home in 80228, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days30 Days+234.1%

Summary: Homes in 80228 had an average of 30 days on market in Apr 2024, up by 234.1% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80228 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 36 homes were sold in 80228; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 14% 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 Apr 1, 2024

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 05/01/2022 - 05/01/2024

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Last updated on: 6/1/2024, 1:57:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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