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 seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Greenwood Village, CO

How much do homes in Greenwood Village, CO cost?

Median Sold Price

$1,517,500

$395/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$32,500(-2.1%)

Key Takeaway

Homes in Greenwood Village have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Greenwood Village was $1,517,500 in June 2024, down 2.1% from last year, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $340K$364.5K
+7.2%
2 $435.7K$432.5K
-0.7%
3 $1.3M$1.1M
-12.0%
4 $1.5M$1.6M
+5.5%
5+ $2.0M$2.4M
+15.0%

Summary: Greenwood Village housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Cherry Hills Village
+7.0%
Southwest Arapahoe
0.5%
Centennial
0.1%
Greenwood Village
-2.1%
Englewood
-2.7%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6882+20.6%

Summary: The Greenwood Village real estate market had 82 homes for sale in June 2024, a 20.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 52
-60.0%
2 1316
+23.1%
3 1211
-8.3%
4 1111
0.0%
5+ 2742
+55.6%

Summary: The Greenwood Village housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Greenwood Village in June 2024, down by 26.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% 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

Jun 2023Jun 2024CHANGE
6 Days34 Days+462.2%

Summary: Homes in Greenwood Village had an average of 34 days on market in Jun 2024, up by 462.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 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 June 2024, 14 homes were sold in Greenwood Village; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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 23 Days Ago

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