Is Denver, NC 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, Denver has remained a Seller's Market.
Key Takeaway
Denver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denver, NC
How much do homes in Denver, NC cost?
Median Sold Price
$474,916
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Denver have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Denver was $474,916 in March 2024, down 3.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $225K | -32.8% |
| 2 Bedrooms | $351K | $337.5K | -3.8% |
| 3 Bedrooms | $416.3K | $400K | -3.9% |
| 4 Bedrooms | $615K | $636.8K | +3.5% |
| 5+ Bedrooms | $785K | $730K | -7.0% |
Summary: Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Iron Station | $417.8K | $430K | +2.9% |
| Catawba Springs Township | $495.2K | $489.9K | -1.1% |
| Sherrills Ford | $430K | $420K | -2.3% |
| Denver | $490.9K | $474.9K | -3.3% |
| Mountain Creek Township | $476.6K | $432.4K | -9.3% |
Housing Supply in Denver, NC
How many homes are available in Denver, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 159 | 186 | +17.0% |
Summary: The Denver real estate market had 186 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 54 | 69 | +27.8% |
| 4 Bedrooms | 58 | 69 | +19.0% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Denver in March 2024, up by 11.8% month-over-month. Of the 38 sold homes, 50% were sold under asking, 13% were sold at asking, and 37% were sold over asking.
Days on Market for Denver, NC
How long does it take to sell a home in Denver, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 46 Days | -26.4% |
Summary: Homes in Denver had an average of 46 days on market in Mar 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Denver are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in Denver; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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