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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Englewood, CO

How much do homes in Englewood, CO cost?

Median Sold Price

$591,571

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,620(+2.0%)

Key Takeaway

Homes in Englewood have sold for 2% more than they did a year ago.

Summary: The median home sold price in Englewood was $591,571 in March 2024, up 2% from last year, and the median price per square foot was $359.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $295K$304.5K
+3.2%
2 $442.5K$425K
-4.0%
3 $553.6K$555K
0.2%
4 $702.5K$750K
+6.8%
5+ $1.4M$1.6M
+17.9%

Summary: Englewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
+2.1%
Englewood
+2.0%
Littleton
0.5%
Cherry Hills Village
-2.4%
Sheridan
-4.0%

Housing Supply in Englewood, CO

How many homes are available in Englewood, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
313351+12.1%

Summary: The Englewood real estate market had 351 homes for sale in March 2024, a 12.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1618
+12.5%
2 5463
+16.7%
3 103110
+6.8%
4 7073
+4.3%
5+ 7087
+24.3%

Summary: The Englewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 24.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
95120+26.3%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you could pay more than the asking price. 39.2% of homes here sold above asking price last month.

Summary: A total of 120 homes were sold or pending in Englewood in March 2024, up by 26.3% month-over-month. Of the 120 sold homes, 38% were sold under asking, 23% were sold at asking, and 39% were sold over asking.

Days on Market for Englewood, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days46 Days+54.2%

Summary: Homes in Englewood had an average of 46 days on market in Mar 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 120 homes were sold in Englewood; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 18% 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 22 Days Ago

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