Is Denver, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Denver has remained a Seller's Market.
Housing Prices in Denver, NC
How much do homes in Denver, NC cost?
Median Sold Price
$477,750
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Denver was $477,750 in May 2024, down 2.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $217.5K | -22.3% |
2 Bedrooms | $350.5K | $345K | -1.6% |
3 Bedrooms | $408.2K | $399.9K | -2.0% |
4 Bedrooms | $615K | $639.3K | +4.0% |
5+ Bedrooms | $780K | $712.5K | -8.7% |
Summary: Denver housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
Sherrills Ford | $425K | $428.7K | +0.9% |
Catawba Springs Township | $495.2K | $495K | 0% |
Mountain Creek Township | $455K | $451.7K | -0.7% |
Denver | $488.1K | $477.7K | -2.1% |
Iron Station | $432.1K | $422.5K | -2.2% |
Housing Supply in Denver, NC
How many homes are available in Denver, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 235 | +9.8% |
Summary: The Denver real estate market had 235 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 77 | 78 | +1.3% |
4 Bedrooms | 95 | 103 | +8.4% |
5+ Bedrooms | 32 | 41 | +28.1% |
Summary: The Denver housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 28.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 42 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Denver in May 2024, the same as the previous month. Of the 42 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.
Days on Market for Denver, NC
How long does it take to sell a home in Denver, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 39 Days | -7.7% |
Summary: Homes in Denver had an average of 39 days on market in May 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Denver; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.