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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver County is a seller's market

Buyer's
Market

Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Denver County, CO

How much do homes in Denver County, CO cost?

Median Sold Price

$619,563

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$24,536(-3.8%)

Key Takeaway

Homes in Denver County have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Denver County was $619,563 in November 2023, down 3.8% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $350.1K$335K
-4.3%
2 $510.5K$483.7K
-5.3%
3 $685.3K$649.6K
-5.2%
4 $869.7K$829.6K
-4.6%
5+ $1.1M$1.1M
+0.9%

Summary: Denver County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Counties

Jefferson County
-0.9%
Arapahoe County
-1.9%
Adams County
-2.2%
Denver County
-3.8%

Housing Supply in Denver County, CO

How many homes are available in Denver County, CO?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
3,8633,675-4.9%

Summary: The Denver County real estate market had 3,675 homes for sale in November 2023, a 4.9% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 357346
-3.1%
2 1,056990
-6.3%
3 1,063974
-8.4%
4 867831
-4.2%
5+ 520534
+2.7%

Summary: The Denver County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 2.7%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
940722-23.2%

Asking Price vs. Sold Price

405 Homes Were Sold
Under Asking

159 Homes Were Sold
At Asking

158 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver County, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.

Summary: A total of 722 homes were sold or pending in Denver County in November 2023, down by 23.2% month-over-month. Of the 722 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Denver County, CO

How long does it take to sell a home in Denver County, CO?

Average Sale Time

Nov 2022Nov 2023CHANGE
31 Days41 Days+33.2%

Summary: Homes in Denver County had an average of 41 days on market in Nov 2023, up by 33.2% compared to last year.

Breakdown of Home Sale Times

412 Homes Were Sold
Under 30 Days

204 Homes Were Sold
In 30 - 90 Days

106 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 722 homes were sold in Denver County; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% 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 Denver County, CO

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