Is Cherry Hills Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Hills Village is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Cherry Hills Village has remained a Buyer's Market.

Key Takeaway

Cherry Hills Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cherry Hills Village, CO

How much do homes in Cherry Hills Village, CO cost?

Median Sold Price

$3,006,250

$544/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$243,750(-7.5%)

Key Takeaway

Homes in Cherry Hills Village have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in Cherry Hills Village was $3,006,250 in September 2024, down 7.5% from last year, and the median price per square foot was $544.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M$1.5M
+34.8%
4 $2.5M$2.4M
-2.0%
5+ $3.6M$3.6M
+0.8%

Summary: Cherry Hills Village housing prices by bedroom type for September 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 increased by 34.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
-0.5%
Englewood
-0.6%
Littleton
-0.7%
Denver
-5.3%
Cherry Hills Village
-7.5%

Housing Supply in Cherry Hills Village, CO

How many homes are available in Cherry Hills Village, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4547+4.4%

Summary: The Cherry Hills Village real estate market had 47 homes for sale in September 2024, a 4.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 1011
+10.0%
5+ 3435
+2.9%

Summary: The Cherry Hills Village housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Hills Village, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cherry Hills Village in September 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Sep 2023Sep 2024CHANGE
10 Days7 Days-33.3%

Summary: Homes in Cherry Hills Village had an average of 7 days on market in Sep 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in Cherry Hills Village; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Cherry Hills Village, CO

Nearby Markets to Cherry Hills Village, CO

What housing markets are near Cherry Hills Village, CO?