Is Greenwood Village, 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, Greenwood Village has remained a Seller's Market.
Housing Prices in Greenwood Village, CO
How much do homes in Greenwood Village, CO cost?
Median Sold Price
$1,550,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Greenwood Village was $1,550,000 in March 2024, up 10.7% 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 | $358K | $386K | +7.8% |
2 Bedrooms | $428.5K | $480K | +12.0% |
3 Bedrooms | $710K | $1.4M | +104.2% |
4 Bedrooms | $1.5M | $1.7M | +14.9% |
5+ Bedrooms | $2.2M | $2.0M | -11.5% |
Summary: Greenwood Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 104.2%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
Greenwood Village | $1.4M | $1.5M | +10.7% |
Southwest Arapahoe | $639.8K | $653.1K | +2.1% |
Englewood | $579.9K | $591.5K | +2.0% |
Centennial | $644.5K | $648.2K | +0.6% |
Cherry Hills Village | $3.3M | $3.2M | -2.4% |
Housing Supply in Greenwood Village, CO
How many homes are available in Greenwood Village, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 98 | +6.5% |
Summary: The Greenwood Village real estate market had 98 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 35 | 31 | -11.4% |
Summary: The Greenwood Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 11.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Greenwood Village in March 2024, up by 8.7% month-over-month. Of the 25 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for Greenwood Village, CO
How long does it take to sell a home in Greenwood Village, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 62 Days | +135.3% |
Summary: Homes in Greenwood Village had an average of 62 days on market in Mar 2024, up by 135.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Greenwood Village; 48% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.