Is Commerce City, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Commerce City has remained a Seller's Market.
Housing Prices in Commerce City, CO
How much do homes in Commerce City, CO cost?
Median Sold Price
$520,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Commerce City was $520,000 in April 2024, down 2.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319.9K | $376K | +17.5% |
2 Bedrooms | $378.5K | $386K | +2.0% |
3 Bedrooms | $516.5K | $497.8K | -3.6% |
4 Bedrooms | $587.4K | $565K | -3.8% |
5+ Bedrooms | $620K | $605K | -2.4% |
Summary: Commerce City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Brighton | $514.5K | $525K | +2.0% |
West Adams | $500K | $500K | 0.0% |
Thornton | $531.6K | $526.5K | -1.0% |
Commerce City | $535K | $520K | -2.8% |
Denver | $650.3K | $628.2K | -3.4% |
Housing Supply in Commerce City, CO
How many homes are available in Commerce City, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
282 | 410 | +45.4% |
Summary: The Commerce City real estate market had 410 homes for sale in April 2024, a 45.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 32 | 44 | +37.5% |
3 Bedrooms | 128 | 182 | +42.2% |
4 Bedrooms | 80 | 129 | +61.3% |
5+ Bedrooms | 41 | 55 | +34.1% |
Summary: The Commerce City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 42.2%, 4 bedroom homes increased by 61.3%, and 5+ bedroom homes increased by 34.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 120 | +605.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Commerce City in April 2024, up by 605.9% month-over-month. Of the 120 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Commerce City, CO
How long does it take to sell a home in Commerce City, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 33 Days | +25.8% |
Summary: Homes in Commerce City had an average of 33 days on market in Apr 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 120 homes were sold in Commerce City; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.