Is Cheesman Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Cheesman Park was a Seller's Market.
Key Takeaway
Cheesman Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cheesman Park, CO
How much do homes in Cheesman Park, CO cost?
Median Sold Price
$425,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Cheesman Park have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Cheesman Park was $425,000 in November 2023, down 2.3% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307K | $293K | -4.6% |
| 2 Bedrooms | $461.5K | $449.9K | -2.5% |
| 3 Bedrooms | $825K | $1.0M | +25.5% |
| 4 Bedrooms | $1.1M | $1.1M | +8.5% |
| 5+ Bedrooms | $1.2M | $1.0M | -18.3% |
Summary: Cheesman Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Congress Park | $853.3K | $882K | +3.4% |
| City Park West | $645K | $640K | -0.8% |
| Cheesman Park | $435K | $425K | -2.3% |
| Northeast Denver | $709.8K | $659.7K | -7.1% |
| Denver City Park | $942K | $862K | -8.5% |
Housing Supply in Cheesman Park, CO
How many homes are available in Cheesman Park, CO?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Cheesman Park real estate market had 50 homes for sale in November 2023, a 6.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cheesman Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheesman Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cheesman Park in November 2023, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cheesman Park, CO
How long does it take to sell a home in Cheesman Park, CO?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -8.9% |
Summary: Homes in Cheesman Park had an average of 22 days on market in Nov 2023, down by 8.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheesman Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 8 homes were sold in Cheesman Park; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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