Is 80229, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80229 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 80229 has remained a Seller's Market.

Key Takeaway

80229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80229, CO

How much do homes in 80229, CO cost?

Median Sold Price

$430,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.2%)

Key Takeaway

Homes in 80229 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 80229 was $430,000 in April 2024, up 1.2% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $246.5K$240K
-2.6%
2 $352.5K$355K
+0.7%
3 $430.5K$431.4K
0.2%
4 $500K$504.5K
+0.9%
5+ $510K$541K
+6.1%

Summary: 80229 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

80260
+8.3%
80221
+2.8%
80229
+1.2%
80233
0.0%
80640
-4.8%

Housing Supply in 80229, CO

How many homes are available in 80229, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
96135+40.6%

Summary: The 80229 real estate market had 135 homes for sale in April 2024, a 40.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 03
+100.0%
2 2032
+60.0%
3 5266
+26.9%
4 1522
+46.7%
5+ 912
+33.3%

Summary: The 80229 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1249+308.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80229, you may be able to get a good deal. 34.7% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 80229 in April 2024, up by 308.3% month-over-month. Of the 49 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.

Days on Market for 80229, CO

How long does it take to sell a home in 80229, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
15 Days31 Days+98.4%

Summary: Homes in 80229 had an average of 31 days on market in Apr 2024, up by 98.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80229 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 49 homes were sold in 80229; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% 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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