$5,403 Closing Credit*
$455,000
1,320 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tami Shipman, Listing Office: RE/MAX Synergy
Is 80227, 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, 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
$510,222
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,777(-6.4%)
Key Takeaway
Homes in 80227 have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in 80227 was $510,222 in October 2024, down 6.4% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $286.2K | $241.4K | -15.6% |
| 2 Bedrooms | $335K | $345K | +3.0% |
| 3 Bedrooms | $532.5K | $540K | +1.4% |
| 4 Bedrooms | $650K | $670K | +3.1% |
| 5+ Bedrooms | $1.0M | $801.5K | -23.7% |
Summary: 80227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 23.7%.
Housing Supply in 80227, CO
How many homes are available in 80227, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 169 | +5.6% |
Summary: The 80227 real estate market had 169 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 53 | 52 | -1.9% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 80227 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80227, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 80227 in October 2024, down by 10.5% month-over-month. Of the 34 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 43 Days | +76.4% |
Summary: Homes in 80227 had an average of 43 days on market in Oct 2024, up by 76.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 80227 has remained consistent over time.
Summary: During October 2024, 34 homes were sold in 80227; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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