$4,156 Closing Credit*
$350,000
837 SqFt
2 Beds
•1 Full Bath, 1 Partial
Mike Papantonakis, Listing Office: RE/MAX Alliance - Olde Town
Is 80228, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 80228 has remained a Seller's Market.
Key Takeaway
80228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 80228, CO
How much do homes in 80228, CO cost?
Median Sold Price
$683,500
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,500(+5.2%)
Key Takeaway
Homes in 80228 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 80228 was $683,500 in November 2024, up 5.2% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $259.7K | -13.4% |
| 2 Bedrooms | $362K | $350K | -3.3% |
| 3 Bedrooms | $628K | $670K | +6.7% |
| 4 Bedrooms | $762.4K | $750K | -1.6% |
| 5+ Bedrooms | $835K | $795K | -4.8% |
Summary: 80228 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 80228, CO
How many homes are available in 80228, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 170 | 139 | -18.2% |
Summary: The 80228 real estate market had 139 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 30 | 28 | -6.7% |
| 3 Bedrooms | 46 | 31 | -32.6% |
| 4 Bedrooms | 50 | 40 | -20.0% |
| 5+ Bedrooms | 35 | 31 | -11.4% |
Summary: The 80228 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 32.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 11.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 34 | -38.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 80228, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 80228 in November 2024, down by 38.2% month-over-month. Of the 34 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 80228, CO
How long does it take to sell a home in 80228, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 45 Days | +116.5% |
Summary: Homes in 80228 had an average of 45 days on market in Nov 2024, up by 116.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 80228 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 80228; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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