Is 80227, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80227 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 80227 has remained a Seller's Market.

Key Takeaway

80227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 80227, CO

How much do homes in 80227, CO cost?

Median Sold Price

$521,500

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$23,500(-4.3%)

Key Takeaway

Homes in 80227 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 80227 was $521,500 in December 2024, down 4.3% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $247.5K$236K
-4.6%
2 $330K$335K
+1.5%
3 $510.5K$545K
+6.8%
4 $639.5K$675K
+5.6%
5+ $1.0M$775K
-24.4%

Summary: 80227 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 24.4%.

Median Sold Price Compared To Nearby Zip Codes

80228
+4.5%
80232
+3.5%
80236
+1.4%
80227
-4.3%
80235
-14.9%

Housing Supply in 80227, CO

How many homes are available in 80227, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
128112-12.5%

Summary: The 80227 real estate market had 112 homes for sale in December 2024, a 12.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 4139
-4.9%
3 3633
-8.3%
4 3327
-18.2%
5+ 138
-38.5%

Summary: The 80227 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 38.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3335+6.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80227, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 80227 in December 2024, up by 6.1% month-over-month. Of the 35 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.

Days on Market for 80227, CO

How long does it take to sell a home in 80227, CO?

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days52 Days+150.7%

Summary: Homes in 80227 had an average of 52 days on market in Dec 2024, up by 150.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80227 has remained consistent over time.

Summary: During December 2024, 35 homes were sold in 80227; 31% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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Nearby Markets to 80227, CO

MLS Disclaimers and Copyright

Based on information from REColorado for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/5/2025, 12:57:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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