Is 80227, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$547,750
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $246.9K | -11.8% |
2 Bedrooms | $355K | $335K | -5.6% |
3 Bedrooms | $519.9K | $570K | +9.6% |
4 Bedrooms | $650K | $655K | +0.8% |
5+ Bedrooms | $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%.
Housing Supply in 80227, CO
How many homes are available in 80227, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 149 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 42 | 51 | +21.4% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 12 | 20 | +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 2024 | May 2024 | CHANGE |
---|---|---|
41 | 33 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 20 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
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.