Is Denver, 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, Denver has remained a Seller's Market.
Housing Prices in Denver, CO
How much do homes in Denver, CO cost?
Median Sold Price
$588,052
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Denver was $588,052 in March 2024, down 3% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $309.7K | -6.1% |
2 Bedrooms | $459.8K | $444.3K | -3.4% |
3 Bedrooms | $640.5K | $623K | -2.7% |
4 Bedrooms | $812.3K | $783K | -3.6% |
5+ Bedrooms | $1.1M | $1.0M | -3.7% |
Summary: Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
Englewood | $579.9K | $591.5K | +2.0% |
Cherry Hills Village | $3.3M | $3.2M | -2.4% |
Denver | $606.3K | $588K | -3.0% |
Sheridan | $465K | $446.5K | -4.0% |
Housing Supply in Denver, CO
How many homes are available in Denver, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4,370 | 5,168 | +18.3% |
Summary: The Denver real estate market had 5,168 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 444 | 542 | +22.1% |
2 Bedrooms | 1,284 | 1,500 | +16.8% |
3 Bedrooms | 1,175 | 1,360 | +15.7% |
4 Bedrooms | 933 | 1,089 | +16.7% |
5+ Bedrooms | 534 | 677 | +26.8% |
Summary: The Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,112 | 1,211 | +8.9% |
Asking Price vs. Sold Price
481 Homes Were Sold
Under Asking
307 Homes Were Sold
At Asking
423 Homes Were Sold
Over Asking
Summary: A total of 1,211 homes were sold or pending in Denver in March 2024, up by 8.9% month-over-month. Of the 1,211 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% were sold over asking.
Days on Market for Denver, CO
How long does it take to sell a home in Denver, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 36 Days | +9.3% |
Summary: Homes in Denver had an average of 36 days on market in Mar 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
820 Homes Were Sold
Under 30 Days
209 Homes Were Sold
In 30 - 90 Days
182 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1211 homes were sold in Denver; 68% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.