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For many years, Aurora homes have provided an option for metro-area house-hunters who can’t afford to buy in Denver. But these days, the city isn’t much of a refuge from skyrocketing sale prices.
According to statistics provided by Jim Smith of Golden Real Estate, a keen observer of the local market, median prices have gone up in every Aurora zip code over the past 26 months, from between 27 percent and 37 percent, adding around $100,000 or more (and usually a lot more) to the tag on houses in the city.
Smith’s figures begin in January 2020, when the median price for a detached home in Aurora was a comparatively modest $340,500. Compare that with the median price in April 2022: $514,000, which is nearly $175,000 higher. The value of Aurora real estate per square foot has seen a similar leap, going from $172 to $237 over that span.
The median price for homes in the seven-county metro area, as measured by the Denver Metro Association of Realtors, was $660,000 in April, but lower in Denver itself. The realtor.com website estimates Denver’s median price at $567,500, just over $50,000 more than in Aurora.
The highest-priced Aurora zip code is 80016, with a median price of $762,500, up from $542,750 in January 2020. The least expensive is 80012, with a current median price of $345,000, an increase from $251,188 in January 2020. But finding a house in Aurora for that amount isn’t easy: Today, May 23, the Homesnap website shows just seven homes in Aurora for under $400,000, while Denver has four.
Continue to see price comparisons from January 2020 to April 2022 for eight Aurora zip codes and the city as a whole. Included are median and square-footage prices, along with the median price percentage increase.
80010
January 2020
Median price: $295,000
Price per square foot: $225
April 2022
Median price: $469,000
Price per square foot: $279
Median price percentage increase, January 2020-April 2022: 37.1 percent
80011
January 2020
Median price: $295,000
Price per square foot; $172
April 2022
Median price: $458,000
Price per square foot: $228
Median price percentage increase, January 2020-April 2022: 35.6 percent
80012
January 2020
Median price: $251,188
Price per square foot: $173
April 2022
Median price: $345,000
Price per square foot: $226
Median price percentage increase, January 2020-April 2022: 27.2 percent
80013
January 2020
Median price: $359,000
Price per square foot: $178
April 2022
Median price: $523,500
Price per square foot: $237
Median price percentage increase, January 2020-April 2022: 31.4 percent
80014
January 2020
Median price: $260,000
Price per square foot: $161
April 2022
Median price: $405,500
Price per square foot: $230
Median price percentage increase, January 2020-April 2022: 35.9 percent
80015
January 2020
Median price: $418,000
Price per square foot: $171
April 2022
Median price: $582,000
Price per square foot: $246
Median price percentage increase, January 2020-April 2022: 28.2 percent
80016
January 2020
Median price: $542,750
Price per square foot: $150
April 2022
Median price: $762,500
Price per square foot: $202
Median price percentage increase, January 2020-April 2022: 28.2 percent
80017
January 2020
Median price: $292,000
Price per square foot: $185
April 2022
Median price: $460,000
Price per square foot: $265
Median price percentage increase, January 2020-April 2022: 36.5 percent
All Aurora
January 2020
Median price: $340,250
Price per square foot: $172
April 2021
Median price: $514,000
Price per square foot: $237
Median price percentage increase, January 2020-April 2022: 33.8 percent
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