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 February 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

$1,568,750

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$128,750(+8.9%)

Key Takeaway

Homes in Greenwood Village have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Greenwood Village was $1,568,750 in February 2024, up 8.9% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $362.5K$355K
-2.1%
2 $424.9K$476.5K
+12.1%
3 $736.2K$844.8K
+14.7%
4 $1.5M$1.7M
+13.1%
5+ $2.2M$2.0M
-6.8%

Summary: Greenwood Village housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Greenwood Village
+8.9%
Englewood
+2.5%
Southwest Arapahoe
+1.6%
Cherry Hills Village
+1.5%
Centennial
-0.6%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7393+27.4%

Summary: The Greenwood Village real estate market had 93 homes for sale in February 2024, a 27.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 56
+20.0%
2 1419
+35.7%
3 1319
+46.2%
4 812
+50.0%
5+ 3337
+12.1%

Summary: The Greenwood Village housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 12.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
721+200.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 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. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Greenwood Village in February 2024, up by 200.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 0% were sold at asking, and 38% 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

Feb 2023Feb 2024CHANGE
44 Days11 Days-73.9%

Summary: Homes in Greenwood Village had an average of 11 days on market in Feb 2024, down by 73.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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 February 2024, 21 homes were sold in Greenwood Village; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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