Is Commerce City, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commerce City is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Commerce City has remained a Seller's Market.

Key Takeaway

Commerce City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$15,000(-2.8%)

Key Takeaway

Homes in Commerce City have sold for 2.8% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $319.9K$376K
+17.5%
2 $378.5K$386K
+2.0%
3 $516.5K$497.8K
-3.6%
4 $587.4K$565K
-3.8%
5+ $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
+2.0%
West Adams
0.0%
Thornton
-1.0%
Commerce City
-2.8%
Denver
-3.4%

Housing Supply in Commerce City, CO

How many homes are available in Commerce City, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
282410+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

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 3244
+37.5%
3 128182
+42.2%
4 80129
+61.3%
5+ 4155
+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 2024Apr 2024CHANGE
17120+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commerce City, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

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 2023Apr 2024CHANGE
26 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Commerce City are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Commerce City, CO

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