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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80224 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 80224 has remained a Seller's Market.

Key Takeaway

80224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80224, CO

How much do homes in 80224, CO cost?

Median Sold Price

$615,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$40,000(-6.1%)

Key Takeaway

Homes in 80224 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 80224 was $615,000 in November 2024, down 6.1% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$275K
-15.4%
2 $325K$325K
0.0%
3 $640K$549.9K
-14.1%
4 $741.5K$765K
+3.2%
5+ $862K$880.4K
+2.1%

Summary: 80224 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

80222
+1.7%
80231
-1.4%
80224
-6.1%
80230
-10.3%
80246
-12.1%

Housing Supply in 80224, CO

How many homes are available in 80224, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141149+5.7%

Summary: The 80224 real estate market had 149 homes for sale in November 2024, a 5.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 56
+20.0%
2 4649
+6.5%
3 4038
-5.0%
4 3035
+16.7%
5+ 2021
+5.0%

Summary: The 80224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1926+36.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 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. 61.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 80224 in November 2024, up by 36.8% month-over-month. Of the 26 sold homes, 62% were sold under asking, 12% were sold at asking, and 27% 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

Nov 2023Nov 2024CHANGE
38 Days58 Days+53.1%

Summary: Homes in 80224 had an average of 58 days on market in Nov 2024, up by 53.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 26 homes were sold in 80224; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% 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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