Is 80022, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80022 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 80022 has remained a Seller's Market.

Key Takeaway

80022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80022, CO

How much do homes in 80022, CO cost?

Median Sold Price

$529,987

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$12(0%)

Key Takeaway

The sold price of homes in 80022 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$376K
N/A
2 $367.5K$391K
+6.4%
3 $510K$492.9K
-3.4%
4 $567K$567.4K
0.1%
5+ $619.9K$624.9K
+0.8%

Summary: 80022 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

80022
0%
80640
-1.4%
80249
-5.1%
80239
-8.4%

Housing Supply in 80022, CO

How many homes are available in 80022, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
399442+10.8%

Summary: The 80022 real estate market had 442 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 3745
+21.6%
3 178204
+14.6%
4 125133
+6.4%
5+ 5960
+1.7%

Summary: The 80022 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 21.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 1.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
100108+8.0%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80022, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 108 homes were sold or pending in 80022 in May 2024, up by 8.0% month-over-month. Of the 108 sold homes, 41% were sold under asking, 31% were sold at asking, and 28% were sold over asking.

Days on Market for 80022, CO

How long does it take to sell a home in 80022, CO?

Average Sale Time

May 2023May 2024CHANGE
19 Days36 Days+90.7%

Summary: Homes in 80022 had an average of 36 days on market in May 2024, up by 90.7% compared to last year.

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80022 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 108 homes were sold in 80022; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 12% 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 8 Days Ago

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