Is Northeast Denver, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Northeast Denver has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $350K | -4.1% |
2 Bedrooms | $512.1K | $495K | -3.3% |
3 Bedrooms | $671.1K | $659.7K | -1.7% |
4 Bedrooms | $880K | $833.3K | -5.3% |
5+ Bedrooms | $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 | $715.1K | $674.2K | -5.7% |
Oakland | $579.6K | $542.5K | -6.4% |
Housing Supply in Northeast Denver, CO
How many homes are available in Northeast Denver, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
554 | 671 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 31 | +19.2% |
2 Bedrooms | 127 | 149 | +17.3% |
3 Bedrooms | 170 | 197 | +15.9% |
4 Bedrooms | 167 | 203 | +21.6% |
5+ Bedrooms | 64 | 91 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
142 | 175 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 25 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
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.