Is Commerce City, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commerce City is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Commerce City has remained a Seller's Market.

Key Takeaway

Commerce City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$20,014(-3.7%)

Key Takeaway

Homes in Commerce City have sold for 3.7% less than they did a year ago.

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

# BEDSNov 2022Nov 2023CHANGE
1 $300K$307.5K
+2.5%
2 $387.5K$375K
-3.2%
3 $524.9K$496.2K
-5.5%
4 $580K$555.8K
-4.2%
5+ $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
-2.9%
West Adams
-3.0%
Commerce City
-3.7%
Brighton
-3.7%
Denver
-4.7%

Housing Supply in Commerce City, CO

How many homes are available in Commerce City, CO?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
440416-5.5%

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

# BEDSOct 2023Nov 2023CHANGE
1 32
-33.3%
2 4245
+7.1%
3 208195
-6.3%
4 125121
-3.2%
5+ 6253
-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 2023Nov 2023CHANGE
10897-10.2%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commerce City, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

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 2022Nov 2023CHANGE
47 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Commerce City are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Commerce City, CO

Nearby Markets to Commerce City, CO

What housing markets are near Commerce City, CO?