Is Southwest 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, Southwest Denver has remained a Seller's Market.
Housing Prices in Southwest Denver, CO
How much do homes in Southwest Denver, CO cost?
Median Sold Price
$495,528
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southwest Denver was $495,528 in March 2024, down 4% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $293.5K | $291K | -0.9% |
2 Bedrooms | $417.6K | $410K | -1.8% |
3 Bedrooms | $535.8K | $515K | -3.9% |
4 Bedrooms | $585K | $572.5K | -2.1% |
5+ Bedrooms | $633.4K | $630K | -0.5% |
Summary: Southwest Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
Bear Valley Club | $199K | $220K | +10.6% |
Southwest Denver | $516K | $495.5K | -4.0% |
Housing Supply in Southwest Denver, CO
How many homes are available in Southwest Denver, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
571 | 681 | +19.3% |
Summary: The Southwest Denver real estate market had 681 homes for sale in March 2024, a 19.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 68 | +41.7% |
2 Bedrooms | 168 | 207 | +23.2% |
3 Bedrooms | 169 | 200 | +18.3% |
4 Bedrooms | 128 | 133 | +3.9% |
5+ Bedrooms | 58 | 73 | +25.9% |
Summary: The Southwest Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
172 | 172 | 0.0% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in Southwest Denver in March 2024, the same as the previous month. Of the 172 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Southwest Denver, CO
How long does it take to sell a home in Southwest Denver, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 34 Days | +6.7% |
Summary: Homes in Southwest Denver had an average of 34 days on market in Mar 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During March 2024, 172 homes were sold in Southwest Denver; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.