Is Northwest 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, Northwest Denver has remained a Seller's Market.
Housing Prices in Northwest Denver, CO
How much do homes in Northwest Denver, CO cost?
Median Sold Price
$731,306
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northwest Denver was $731,306 in March 2024, down 2.8% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $468.3K | $450.3K | -3.8% |
2 Bedrooms | $669.8K | $631.1K | -5.8% |
3 Bedrooms | $865K | $836.7K | -3.3% |
4 Bedrooms | $1.1M | $1.0M | -5.3% |
5+ Bedrooms | $1.3M | $1.3M | +0.9% |
Summary: Northwest Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
Highland | $839K | $850K | +1.3% |
Witter | $1.1M | $1.1M | -0.4% |
Northwest Denver | $752.6K | $731.3K | -2.8% |
Housing Supply in Northwest Denver, CO
How many homes are available in Northwest Denver, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
849 | 1,049 | +23.6% |
Summary: The Northwest Denver real estate market had 1,049 homes for sale in March 2024, a 23.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 141 | 172 | +22.0% |
2 Bedrooms | 321 | 372 | +15.9% |
3 Bedrooms | 198 | 260 | +31.3% |
4 Bedrooms | 123 | 161 | +30.9% |
5+ Bedrooms | 66 | 84 | +27.3% |
Summary: The Northwest Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 207 | +17.6% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 207 homes were sold or pending in Northwest Denver in March 2024, up by 17.6% month-over-month. Of the 207 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Northwest Denver, CO
How long does it take to sell a home in Northwest Denver, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 44 Days | +32.9% |
Summary: Homes in Northwest Denver had an average of 44 days on market in Mar 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Summary: During March 2024, 207 homes were sold in Northwest Denver; 61% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.