Is 80215, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80215 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80215 was a Seller's Market.

Key Takeaway

80215 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 80215, CO

How much do homes in 80215, CO cost?

Median Sold Price

$692,500

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+2.6%)

Key Takeaway

Homes in 80215 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 80215 was $692,500 in October 2024, up 2.6% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199K$203K
+2.0%
2 $354K$419.9K
+18.6%
3 $646K$650K
+0.6%
4 $820K$775K
-5.5%
5+ $895K$1.0M
+17.2%

Summary: 80215 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 17.2%.

Median Sold Price Compared To Nearby Zip Codes

80401
+4.5%
80215
+2.6%
80226
-2.7%
80033
-3.7%
80214
-12.4%

Housing Supply in 80215, CO

How many homes are available in 80215, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9095+5.6%

Summary: The 80215 real estate market had 95 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 2223
+4.5%
3 3028
-6.7%
4 2323
0.0%
5+ 1519
+26.7%

Summary: The 80215 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2515-40.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80215, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 80215 in October 2024, down by 40.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for 80215, CO

How long does it take to sell a home in 80215, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days45 Days+494.5%

Summary: Homes in 80215 had an average of 45 days on market in Oct 2024, up by 494.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80215 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 80215; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 16 Days Ago

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