Is Cherry Hills Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Hills Village is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Cherry Hills Village has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cherry Hills Village, CO

How much do homes in Cherry Hills Village, CO cost?

Median Sold Price

$3,325,000

$541/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+0.8%)

Key Takeaway

Homes in Cherry Hills Village have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Cherry Hills Village was $3,325,000 in April 2024, up 0.8% from last year, and the median price per square foot was $541.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M$1.5M
+30.4%
4 $3.8M$2.3M
-38.0%
5+ $3.2M$3.8M
+18.9%

Summary: Cherry Hills Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
+5.3%
Englewood
+2.6%
Cherry Hills Village
+0.8%
Littleton
-0.3%
Denver
-3.4%

Housing Supply in Cherry Hills Village, CO

How many homes are available in Cherry Hills Village, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2838+35.7%

Summary: The Cherry Hills Village real estate market had 38 homes for sale in April 2024, a 35.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 57
+40.0%
5+ 2128
+33.3%

Summary: The Cherry Hills Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
515+200.0%

Asking Price vs. Sold Price

5 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 Cherry Hills Village, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Cherry Hills Village in April 2024, up by 200.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.

Days on Market for Cherry Hills Village, CO

How long does it take to sell a home in Cherry Hills Village, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days9 Days-52.7%

Summary: Homes in Cherry Hills Village had an average of 9 days on market in Apr 2024, down by 52.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherry Hills Village are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 15 homes were sold in Cherry Hills Village; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Cherry Hills Village, CO

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