Is Commerce City, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$519,985
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Commerce City was $519,985 in November 2023, down 3.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $307.5K | +2.5% |
2 Bedrooms | $387.5K | $375K | -3.2% |
3 Bedrooms | $524.9K | $496.2K | -5.5% |
4 Bedrooms | $580K | $555.8K | -4.2% |
5+ Bedrooms | $630K | $615K | -2.4% |
Summary: Commerce City housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Thornton | $540.5K | $525K | -2.9% |
West Adams | $499.9K | $484.9K | -3.0% |
Commerce City | $540K | $519.9K | -3.7% |
Brighton | $535K | $515K | -3.7% |
Denver | $613.5K | $584.5K | -4.7% |
Housing Supply in Commerce City, CO
How many homes are available in Commerce City, CO?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
440 | 416 | -5.5% |
Summary: The Commerce City real estate market had 416 homes for sale in November 2023, a 5.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 42 | 45 | +7.1% |
3 Bedrooms | 208 | 195 | -6.3% |
4 Bedrooms | 125 | 121 | -3.2% |
5+ Bedrooms | 62 | 53 | -14.5% |
Summary: The Commerce City housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 14.5%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
108 | 97 | -10.2% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Commerce City in November 2023, down by 10.2% month-over-month. Of the 97 sold homes, 44% were sold under asking, 41% were sold at asking, and 14% 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
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
47 Days | 46 Days | -0.9% |
Summary: Homes in Commerce City had an average of 46 days on market in Nov 2023, down by 0.9% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During November 2023, 97 homes were sold in Commerce City; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.