Is Cherry Hills Village, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cherry Hills Village has remained a Seller's Market.
Housing Prices in Cherry Hills Village, CO
How much do homes in Cherry Hills Village, CO cost?
Median Sold Price
$3,220,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cherry Hills Village was $3,220,000 in March 2024, down 2.4% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $3.3M | - | N/A |
3 Bedrooms | $1.5M | $1.5M | -4.8% |
4 Bedrooms | $3.8M | $2.4M | -37.0% |
5+ Bedrooms | $3.2M | $3.6M | +11.9% |
Summary: Cherry Hills Village housing prices by bedroom type for March 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 decreased by 4.8%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
Southwest Arapahoe | $639.8K | $653.1K | +2.1% |
Englewood | $579.9K | $591.5K | +2.0% |
Littleton | $652.8K | $650K | -0.4% |
Cherry Hills Village | $3.3M | $3.2M | -2.4% |
Denver | $606.3K | $588K | -3.0% |
Housing Supply in Cherry Hills Village, CO
How many homes are available in Cherry Hills Village, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 58 | 0.0% |
Summary: The Cherry Hills Village real estate market had 58 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 38 | 40 | +5.3% |
Summary: The Cherry Hills Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cherry Hills Village in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 61 Days | +287.1% |
Summary: Homes in Cherry Hills Village had an average of 61 days on market in Mar 2024, up by 287.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Cherry Hills Village; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.