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 February 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

$596,416

$358/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,296(+2.5%)

Key Takeaway

Homes in Englewood have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Englewood was $596,416 in February 2024, up 2.5% from last year, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $300K$303K
+1.0%
2 $449.2K$425K
-5.4%
3 $557.4K$547.7K
-1.7%
4 $710.2K$747.1K
+5.2%
5+ $1.3M$1.8M
+41.8%

Summary: Englewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 41.8%.

Median Sold Price Compared To Nearby Cities

Englewood
+2.5%
Southwest Arapahoe
+1.6%
Cherry Hills Village
+1.5%
Littleton
0.0%
Sheridan
-2.9%

Housing Supply in Englewood, CO

How many homes are available in Englewood, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
280319+13.9%

Summary: The Englewood real estate market had 319 homes for sale in February 2024, a 13.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1720
+17.6%
2 5156
+9.8%
3 97102
+5.2%
4 6070
+16.7%
5+ 5571
+29.1%

Summary: The Englewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 29.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
7088+25.7%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Englewood in February 2024, up by 25.7% month-over-month. Of the 88 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% 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

Feb 2023Feb 2024CHANGE
47 Days38 Days-18.2%

Summary: Homes in Englewood had an average of 38 days on market in Feb 2024, down by 18.2% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

15 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 February 2024, 88 homes were sold in Englewood; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 17% 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

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