Is Greenwood Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Village is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Greenwood Village was a Seller's Market.

Key Takeaway

Greenwood Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greenwood Village, CO

How much do homes in Greenwood Village, CO cost?

Median Sold Price

$1,358,000

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$217,000(-13.8%)

Key Takeaway

Homes in Greenwood Village have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in Greenwood Village was $1,358,000 in September 2024, down 13.8% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $339.5K$392.9K
+15.7%
2 $476.5K$432.5K
-9.2%
3 $1.2M$990K
-23.6%
4 $1.5M$1.5M
-3.7%
5+ $2.1M$1.9M
-8.7%

Summary: Greenwood Village housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 23.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Southwest Arapahoe
-0.5%
Englewood
-0.6%
Centennial
-2.8%
Cherry Hills Village
-7.5%
Greenwood Village
-13.8%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7578+4.0%

Summary: The Greenwood Village real estate market had 78 homes for sale in September 2024, a 4.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 58
+60.0%
2 1414
0.0%
3 106
-40.0%
4 1318
+38.5%
5+ 3332
-3.0%

Summary: The Greenwood Village housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Village, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Greenwood Village in September 2024, down by 45.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% 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

Sep 2023Sep 2024CHANGE
36 Days35 Days-0.3%

Summary: Homes in Greenwood Village had an average of 35 days on market in Sep 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Greenwood Village; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% 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 Sep 1, 2024

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