Is 80224, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80224 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 80224 was a Seller's Market.

Key Takeaway

80224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80224, CO

How much do homes in 80224, CO cost?

Median Sold Price

$574,998

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$82,501(-12.5%)

Key Takeaway

Homes in 80224 have sold for 12.5% less than they did a year ago.

Summary: The median home sold price in 80224 was $574,998 in October 2024, down 12.5% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K$275K
-15.4%
2 $349K$325K
-6.9%
3 $640K$549.9K
-14.1%
4 $731.5K$762.5K
+4.2%
5+ $940K$872K
-7.2%

Summary: 80224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

80222
0.5%
80231
-1.1%
80230
-9.3%
80224
-12.5%

Housing Supply in 80224, CO

How many homes are available in 80224, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
133158+18.8%

Summary: The 80224 real estate market had 158 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 4351
+18.6%
3 3745
+21.6%
4 3134
+9.7%
5+ 1722
+29.4%

Summary: The 80224 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80224, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 80224 in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for 80224, CO

How long does it take to sell a home in 80224, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days32 Days+37.0%

Summary: Homes in 80224 had an average of 32 days on market in Oct 2024, up by 37% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80224 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 80224; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% 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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