$5,230 Closing Credit*
$440,400
776 SqFt
1 Bed
•1 Full Bath
April Andrews, Listing Office: Joy of the Rockies Realty
Is 80221, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 80221 has remained a Seller's Market.
Key Takeaway
80221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80221, CO
How much do homes in 80221, CO cost?
Median Sold Price
$510,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,500(-2.4%)
Key Takeaway
Homes in 80221 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 80221 was $510,000 in October 2024, down 2.4% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $291K | N/A |
| 2 Bedrooms | $478.5K | $437.5K | -8.6% |
| 3 Bedrooms | $550K | $510K | -7.3% |
| 4 Bedrooms | $520K | $518K | -0.4% |
| 5+ Bedrooms | $650K | $538K | -17.2% |
Summary: 80221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 17.2%.
Housing Supply in 80221, CO
How many homes are available in 80221, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 175 | 203 | +16.0% |
Summary: The 80221 real estate market had 203 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 35 | 39 | +11.4% |
| 3 Bedrooms | 72 | 95 | +31.9% |
| 4 Bedrooms | 39 | 45 | +15.4% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The 80221 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80221, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 80221 in October 2024, up by 37.0% month-over-month. Of the 37 sold homes, 38% were sold under asking, 32% were sold at asking, and 30% were sold over asking.
Days on Market for 80221, CO
How long does it take to sell a home in 80221, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +48.7% |
Summary: Homes in 80221 had an average of 42 days on market in Oct 2024, up by 48.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80221 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 80221; 49% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.