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 May 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

$547,750

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,750(+3.3%)

Key Takeaway

Homes in 80227 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 80227 was $547,750 in May 2024, up 3.3% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $280K$246.9K
-11.8%
2 $355K$335K
-5.6%
3 $519.9K$570K
+9.6%
4 $650K$655K
+0.8%
5+ $875K$805K
-8.0%

Summary: 80227 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Zip Codes

80235
+55.2%
80227
+3.3%
80232
+2.6%
80228
-0.3%
80236
-2.7%

Housing Supply in 80227, CO

How many homes are available in 80227, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118149+26.3%

Summary: The 80227 real estate market had 149 homes for sale in May 2024, a 26.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 77
0.0%
2 4251
+21.4%
3 3035
+16.7%
4 2736
+33.3%
5+ 1220
+66.7%

Summary: The 80227 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4133-19.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 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. 36.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 80227 in May 2024, down by 19.5% month-over-month. Of the 33 sold homes, 33% were sold under asking, 30% were sold at asking, and 36% 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

May 2023May 2024CHANGE
25 Days20 Days-18.0%

Summary: Homes in 80227 had an average of 20 days on market in May 2024, down by 18% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

5 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 May 2024, 33 homes were sold in 80227; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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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