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 March 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

$1,550,000

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$150,000(+10.7%)

Key Takeaway

Homes in Greenwood Village have sold for 10.7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $358K$386K
+7.8%
2 $428.5K$480K
+12.0%
3 $710K$1.4M
+104.2%
4 $1.5M$1.7M
+14.9%
5+ $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
+10.7%
Southwest Arapahoe
+2.1%
Englewood
+2.0%
Centennial
+0.6%
Cherry Hills Village
-2.4%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9298+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

# BEDSFeb 2024Mar 2024CHANGE
1 69
+50.0%
2 1821
+16.7%
3 2022
+10.0%
4 1315
+15.4%
5+ 3531
-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 2024Mar 2024CHANGE
2325+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Village, you may be able to get a good deal. 36% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
26 Days62 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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