Is Denver, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Denver has remained a Seller's Market.

Key Takeaway

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

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

-$10,425(-2.1%)

Key Takeaway

Homes in Denver have sold for 2.1% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $280K$217.5K
-22.3%
2 $350.5K$345K
-1.6%
3 $408.2K$399.9K
-2.0%
4 $615K$639.3K
+4.0%
5+ $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
+0.9%
Catawba Springs Township
0%
Mountain Creek Township
-0.7%
Denver
-2.1%
Iron Station
-2.2%

Housing Supply in Denver, NC

How many homes are available in Denver, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
214235+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 7778
+1.3%
4 95103
+8.4%
5+ 3241
+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 2024May 2024CHANGE
42420.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
43 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Denver, NC

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