$9,084 Closing Credit*
$765,000
2,300 SqFt
5 Beds
•1 Full Bath, 1 Partial
Pamela Rios, Listing Office: RE/MAX of Cherry Creek
Is 80207, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 80207 was a Seller's Market.
Key Takeaway
80207 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 80207, CO
How much do homes in 80207, CO cost?
Median Sold Price
$653,500
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$17,500(+2.8%)
Key Takeaway
Homes in 80207 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 80207 was $653,500 in September 2024, up 2.8% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | $432.5K | $517.2K | +19.6% |
| 3 Bedrooms | $635.5K | $635K | -0.1% |
| 4 Bedrooms | $750K | $729K | -2.8% |
| 5+ Bedrooms | $1.3M | $1.2M | -3.8% |
Summary: 80207 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 80207, CO
How many homes are available in 80207, CO?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 98 | 124 | +26.5% |
Summary: The 80207 real estate market had 124 homes for sale in September 2024, a 26.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 44 | 54 | +22.7% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The 80207 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80207, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 80207 in September 2024, up by 33.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for 80207, CO
How long does it take to sell a home in 80207, CO?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | -0.2% |
Summary: Homes in 80207 had an average of 32 days on market in Sep 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 80207 has remained consistent over time.
Summary: During September 2024, 20 homes were sold in 80207; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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