Is Cheesman Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cheesman Park has remained a Seller's Market.
Key Takeaway
Cheesman Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheesman Park, CO
How much do homes in Cheesman Park, CO cost?
Median Sold Price
$434,000
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cheesman Park have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Cheesman Park was $434,000 in April 2024, down 2.5% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317K | $284K | -10.4% |
| 2 Bedrooms | $450K | $449.9K | 0% |
| 3 Bedrooms | $887.5K | $997.5K | +12.4% |
| 4 Bedrooms | $1.0M | $1.1M | +5.3% |
| 5+ Bedrooms | $867K | $1.4M | +64.9% |
Summary: Cheesman Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 64.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Cheesman Park | $445K | $434K | -2.5% |
| Congress Park | $950K | $920K | -3.2% |
| Northeast Denver | $750K | $716.6K | -4.5% |
| City Park West | $820.5K | $625K | -23.8% |
Housing Supply in Cheesman Park, CO
How many homes are available in Cheesman Park, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 51 | +88.9% |
Summary: The Cheesman Park real estate market had 51 homes for sale in April 2024, a 88.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 14 | +75.0% |
| 2 Bedrooms | 5 | 16 | +220.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cheesman Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 220%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheesman Park, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Cheesman Park in April 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +178.8% |
Summary: Homes in Cheesman Park had an average of 40 days on market in Apr 2024, up by 178.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 April 2024, 9 homes were sold in Cheesman Park; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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