Is 80027, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80027 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 80027 was a Seller's Market.

Key Takeaway

80027 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80027, CO

How much do homes in 80027, CO cost?

Median Sold Price

$852,500

$369/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+3.3%)

Key Takeaway

Homes in 80027 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 80027 was $852,500 in November 2024, up 3.3% from last year, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$350.5K
+7.8%
2 $480K$447.5K
-6.8%
3 $753.1K$768.7K
+2.1%
4 $930K$936.5K
+0.7%
5+ $1.1M$1.2M
+1.5%

Summary: 80027 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

80026
+3.5%
80027
+3.3%
80021
+2.4%
80020
0.0%
80303
-7.8%

Housing Supply in 80027, CO

How many homes are available in 80027, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
211194-8.1%

Summary: The 80027 real estate market had 194 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 69
+50.0%
2 3832
-15.8%
3 5953
-10.2%
4 5856
-3.4%
5+ 5044
-12.0%

Summary: The 80027 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4227-35.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80027, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 80027 in November 2024, down by 35.7% month-over-month. Of the 27 sold homes, 56% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for 80027, CO

How long does it take to sell a home in 80027, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days42 Days-13.5%

Summary: Homes in 80027 had an average of 42 days on market in Nov 2024, down by 13.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80027 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 80027; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

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