Is Denver, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Denver has remained a Seller's Market.
Housing Prices
How much do homes in Denver, CO cost?
Median Sold Price
$594,164
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Denver was $594,164 in August 2023, down 2% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $339.7K | $314.9K | -7.3% |
2 Bedrooms | $475.4K | $447.9K | -5.8% |
3 Bedrooms | $658K | $635K | -3.5% |
4 Bedrooms | $825.4K | $795.2K | -3.7% |
5+ Bedrooms | $1.1M | $1.1M | +2.6% |
Summary: Denver housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
Englewood | $575K | $585K | +1.7% |
Denver | $605.9K | $594.1K | -2.0% |
Cherry Hills Village | $3.4M | $3.2M | -6.5% |
Sheridan | $475K | $442.5K | -6.8% |
Housing Supply
How many homes are available in Denver, CO?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
4,795 | 5,145 | +7.3% |
Summary: The Denver real estate market had 5,145 homes for sale in August 2023, a 7.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 494 | 490 | -0.8% |
2 Bedrooms | 1,327 | 1,424 | +7.3% |
3 Bedrooms | 1,362 | 1,446 | +6.2% |
4 Bedrooms | 1,029 | 1,157 | +12.4% |
5+ Bedrooms | 583 | 628 | +7.7% |
Summary: The Denver housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
1,366 | 1,328 | -2.8% |
Asking Price vs. Sold Price
582 Homes Were Sold
Under Asking
343 Homes Were Sold
At Asking
403 Homes Were Sold
Over Asking
Summary: A total of 1,328 homes were sold or pending in Denver in August 2023, down by 2.8% month-over-month. Of the 1,328 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market
How long does it take to sell a home in Denver, CO?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
21 Days | 29 Days | +41.6% |
Summary: Homes in Denver had an average of 29 days on market in Aug 2023, up by 41.6% compared to last year.
Breakdown of Home Sale Times
665 Homes Were Sold
Under 30 Days
241 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Summary: During August 2023, 1328 homes were sold in Denver; 50% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.