Is Denver County, 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 County has remained a Seller's Market.
Housing Prices in Denver County, CO
How much do homes in Denver County, CO cost?
Median Sold Price
$622,164
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Denver County was $622,164 in March 2024, down 3.7% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349.9K | $325.7K | -6.9% |
2 Bedrooms | $500.5K | $484.9K | -3.1% |
3 Bedrooms | $678K | $653.4K | -3.6% |
4 Bedrooms | $866.1K | $829.9K | -4.2% |
5+ Bedrooms | $1.2M | $1.1M | -2.2% |
Summary: Denver County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $624.2K | $633K | +1.4% |
Adams County | $508.3K | $509.5K | 0.2% |
Arapahoe County | $529.7K | $524.9K | -0.9% |
Denver County | $646.3K | $622.1K | -3.7% |
Housing Supply in Denver County, CO
How many homes are available in Denver County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,732 | 4,485 | +20.2% |
Summary: The Denver County real estate market had 4,485 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 411 | 498 | +21.2% |
2 Bedrooms | 1,052 | 1,249 | +18.7% |
3 Bedrooms | 972 | 1,158 | +19.1% |
4 Bedrooms | 812 | 946 | +16.5% |
5+ Bedrooms | 485 | 634 | +30.7% |
Summary: The Denver County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 30.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
914 | 1,019 | +11.5% |
Asking Price vs. Sold Price
410 Homes Were Sold
Under Asking
255 Homes Were Sold
At Asking
354 Homes Were Sold
Over Asking
Summary: A total of 1,019 homes were sold or pending in Denver County in March 2024, up by 11.5% month-over-month. Of the 1,019 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 36 Days | +11.3% |
Summary: Homes in Denver County had an average of 36 days on market in Mar 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
701 Homes Were Sold
Under 30 Days
165 Homes Were Sold
In 30 - 90 Days
153 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1019 homes were sold in Denver County; 69% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.