Is Southeast Denver, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Southeast Denver has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $275.7K | -1.5% |
2 Bedrooms | $408.2K | $388.4K | -4.9% |
3 Bedrooms | $775.3K | $756.6K | -2.4% |
4 Bedrooms | $973.6K | $950K | -2.4% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
1,378 | 1,753 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 160 | 212 | +32.5% |
2 Bedrooms | 423 | 524 | +23.9% |
3 Bedrooms | 288 | 366 | +27.1% |
4 Bedrooms | 284 | 350 | +23.2% |
5+ Bedrooms | 223 | 301 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
288 | 381 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 51 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
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.