Is Denver, PA 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, PA
How much do homes in Denver, PA cost?
Median Sold Price
$313,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Denver have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Denver was $313,500 in March 2024, up 13.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232K | $270K | +16.4% |
| 3 Bedrooms | $287.5K | $300K | +4.3% |
| 4 Bedrooms | $261.5K | $400K | +53.0% |
| 5+ Bedrooms | - | $580K | N/A |
Summary: Denver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 53%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Denver | $276.2K | $313.5K | +13.5% |
| East Cocalico Township | $288.7K | $315K | +9.1% |
| Stevens | $310K | $315.7K | +1.9% |
Housing Supply in Denver, PA
How many homes are available in Denver, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Denver real estate market had 37 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Denver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Denver in March 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Denver, PA
How long does it take to sell a home in Denver, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +38.0% |
Summary: Homes in Denver had an average of 22 days on market in Mar 2024, up by 38% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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, 7 homes were sold in Denver; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
