Is Northeast Denver, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Denver is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Northeast Denver has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Northeast Denver, CO

How much do homes in Northeast Denver, CO cost?

Median Sold Price

$674,289

$387/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$40,905(-5.7%)

Key Takeaway

Homes in Northeast Denver have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Northeast Denver was $674,289 in March 2024, down 5.7% from last year, and the median price per square foot was $387.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $365K$350K
-4.1%
2 $512.1K$495K
-3.3%
3 $671.1K$659.7K
-1.7%
4 $880K$833.3K
-5.3%
5+ $1.2M$1.2M
-0.1%

Summary: Northeast Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Neighborhoods

Northeast Denver
-5.7%
Oakland
-6.4%

Housing Supply in Northeast Denver, CO

How many homes are available in Northeast Denver, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
554671+21.1%

Summary: The Northeast Denver real estate market had 671 homes for sale in March 2024, a 21.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2631
+19.2%
2 127149
+17.3%
3 170197
+15.9%
4 167203
+21.6%
5+ 6491
+42.2%

Summary: The Northeast Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 42.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
142175+23.2%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

75 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Denver, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 175 homes were sold or pending in Northeast Denver in March 2024, up by 23.2% month-over-month. Of the 175 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.

Days on Market for Northeast Denver, CO

How long does it take to sell a home in Northeast Denver, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days25 Days-16.7%

Summary: Homes in Northeast Denver had an average of 25 days on market in Mar 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

131 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 175 homes were sold in Northeast Denver; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% 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 26 Days Ago

Newest Listings in Northeast Denver, CO

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