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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Denver is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Southeast Denver, CO

How much do homes in Southeast Denver, CO cost?

Median Sold Price

$672,958

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,283(-1.5%)

Key Takeaway

Homes in Southeast Denver have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Southeast Denver was $672,958 in February 2024, down 1.5% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $280K$275.7K
-1.5%
2 $408.2K$388.4K
-4.9%
3 $775.3K$756.6K
-2.4%
4 $973.6K$950K
-2.4%
5+ $1.6M$1.5M
-7.3%

Summary: Southeast Denver housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 7.3%.

Housing Supply in Southeast Denver, CO

How many homes are available in Southeast Denver, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,3781,753+27.2%

Summary: The Southeast Denver real estate market had 1,753 homes for sale in February 2024, a 27.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 160212
+32.5%
2 423524
+23.9%
3 288366
+27.1%
4 284350
+23.2%
5+ 223301
+35.0%

Summary: The Southeast Denver housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.5%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 35%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
288381+32.3%

Asking Price vs. Sold Price

196 Homes Were Sold
Under Asking

85 Homes Were Sold
At Asking

100 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Denver, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 381 homes were sold or pending in Southeast Denver in February 2024, up by 32.3% month-over-month. Of the 381 sold homes, 51% were sold under asking, 22% were sold at asking, and 26% were sold over asking.

Days on Market for Southeast Denver, CO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days51 Days+8.8%

Summary: Homes in Southeast Denver had an average of 51 days on market in Feb 2024, up by 8.8% compared to last year.

Breakdown of Home Sale Times

200 Homes Were Sold
Under 30 Days

93 Homes Were Sold
In 30 - 90 Days

88 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 381 homes were sold in Southeast Denver; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 23% 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 28 Days Ago

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