Is Denver, CO a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Denver is a seller's market


Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Denver, CO cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Denver have sold for 2% less than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $339.7K$314.9K
2 $475.4K$447.9K
3 $658K$635K
4 $825.4K$795.2K
5+ $1.1M$1.1M

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

Cherry Hills Village

Housing Supply

How many homes are available in Denver, CO?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 494490
2 1,3271,424
3 1,3621,446
4 1,0291,157
5+ 583628

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

582 Homes Were Sold
Under Asking

343 Homes Were Sold
At Asking

403 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

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 2022Aug 2023CHANGE
21 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Denver, CO?