Is Commerce City, 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, Commerce City has remained a Seller's Market.
Housing Prices in Commerce City, CO
How much do homes in Commerce City, CO cost?
Median Sold Price
$521,214
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Commerce City was $521,214 in March 2024, down 0.9% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $376K | +19.4% |
2 Bedrooms | $385K | $385K | 0.0% |
3 Bedrooms | $510K | $500.4K | -1.9% |
4 Bedrooms | $574.3K | $560K | -2.5% |
5+ Bedrooms | $620K | $619.9K | 0% |
Summary: Commerce City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Thornton | $534.9K | $535.1K | 0.0% |
Brighton | $519.9K | $519.9K | 0% |
Commerce City | $525.9K | $521.2K | -0.9% |
West Adams | $495.2K | $490.3K | -1.0% |
Denver | $606.3K | $588K | -3.0% |
Housing Supply in Commerce City, CO
How many homes are available in Commerce City, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
444 | 523 | +17.8% |
Summary: The Commerce City real estate market had 523 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 41 | 52 | +26.8% |
3 Bedrooms | 206 | 245 | +18.9% |
4 Bedrooms | 137 | 154 | +12.4% |
5+ Bedrooms | 58 | 70 | +20.7% |
Summary: The Commerce City 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 increased by 26.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 108 | +3.8% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Commerce City in March 2024, up by 3.8% month-over-month. Of the 108 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for Commerce City, CO
How long does it take to sell a home in Commerce City, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 58 Days | +27.4% |
Summary: Homes in Commerce City had an average of 58 days on market in Mar 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During March 2024, 108 homes were sold in Commerce City; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.