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 2023

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

$618,844

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$44,118(-6.7%)

Key Takeaway

Homes in Denver County have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Denver County was $618,844 in November 2024, down 6.7% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $336K$325.5K
-3.1%
2 $498.6K$464.6K
-6.8%
3 $696.3K$635.4K
-8.7%
4 $874.2K$820.3K
-6.2%
5+ $1.2M$1.1M
-6.6%

Summary: Denver County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Counties

Adams County
+2.2%
Jefferson County
-0.4%
Arapahoe County
-1.1%
Denver County
-6.7%

Housing Supply in Denver County, CO

How many homes are available in Denver County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,8783,710-4.3%

Summary: The Denver County real estate market had 3,710 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 449445
-0.9%
2 1,0631,032
-2.9%
3 1,0451,014
-3.0%
4 821732
-10.8%
5+ 500487
-2.6%

Summary: The Denver County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
738637-13.7%

Asking Price vs. Sold Price

374 Homes Were Sold
Under Asking

148 Homes Were Sold
At Asking

115 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. 58.7% of homes here sold below asking price last month.

Summary: A total of 637 homes were sold or pending in Denver County in November 2024, down by 13.7% month-over-month. Of the 637 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% 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 2023Nov 2024CHANGE
28 Days51 Days+80.1%

Summary: Homes in Denver County had an average of 51 days on market in Nov 2024, up by 80.1% compared to last year.

Breakdown of Home Sale Times

314 Homes Were Sold
Under 30 Days

203 Homes Were Sold
In 30 - 90 Days

120 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 2024, 637 homes were sold in Denver County; 49% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% 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 3 Days Ago

Newest Listings in Denver County, CO

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