Is Denver, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Denver has remained a Seller's Market.
Housing Prices in Denver, CO
How much do homes in Denver, CO cost?
Median Sold Price
$584,524
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Denver was $584,524 in February 2024, down 4.2% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.6K | $310.8K | -6.3% |
2 Bedrooms | $465.9K | $439.8K | -5.6% |
3 Bedrooms | $646.6K | $621.9K | -3.8% |
4 Bedrooms | $826.4K | $774.9K | -6.2% |
5+ Bedrooms | $1.1M | $1.0M | -4.7% |
Summary: Denver housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Englewood | $582.1K | $596.4K | +2.5% |
Cherry Hills Village | $3.3M | $3.3M | +1.5% |
Sheridan | $466K | $452.5K | -2.9% |
Denver | $609.8K | $584.5K | -4.2% |
Housing Supply in Denver, CO
How many homes are available in Denver, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3,524 | 4,494 | +27.5% |
Summary: The Denver real estate market had 4,494 homes for sale in February 2024, a 27.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 342 | 462 | +35.1% |
2 Bedrooms | 1,063 | 1,331 | +25.2% |
3 Bedrooms | 942 | 1,197 | +27.1% |
4 Bedrooms | 752 | 945 | +25.7% |
5+ Bedrooms | 425 | 559 | +31.5% |
Summary: The Denver housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 31.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
719 | 1,025 | +42.6% |
Asking Price vs. Sold Price
466 Homes Were Sold
Under Asking
259 Homes Were Sold
At Asking
300 Homes Were Sold
Over Asking
Summary: A total of 1,025 homes were sold or pending in Denver in February 2024, up by 42.6% month-over-month. Of the 1,025 sold homes, 45% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Denver, CO
How long does it take to sell a home in Denver, CO?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 50 Days | +7.5% |
Summary: Homes in Denver had an average of 50 days on market in Feb 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
544 Homes Were Sold
Under 30 Days
266 Homes Were Sold
In 30 - 90 Days
215 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1025 homes were sold in Denver; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.