Is Denver, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver is a seller's market

Buyer's
Market

Difference Since April 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, CO

How much do homes in Denver, CO cost?

Median Sold Price

$628,229

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$22,137(-3.4%)

Key Takeaway

Homes in Denver have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Denver was $628,229 in April 2024, down 3.4% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $342.5K$310.7K
-9.3%
2 $477.6K$469K
-1.8%
3 $675.5K$651.9K
-3.5%
4 $858K$819.6K
-4.5%
5+ $1.2M$1.1M
-3.4%

Summary: Denver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Englewood
+2.6%
Cherry Hills Village
+0.8%
Denver
-3.4%

Housing Supply in Denver, CO

How many homes are available in Denver, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2,5433,762+47.9%

Summary: The Denver real estate market had 3,762 homes for sale in April 2024, a 47.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 275410
+49.1%
2 7491,038
+38.6%
3 6541,019
+55.8%
4 519789
+52.0%
5+ 346506
+46.2%

Summary: The Denver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 55.8%, 4 bedroom homes increased by 52%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
364829+127.7%

Asking Price vs. Sold Price

346 Homes Were Sold
Under Asking

198 Homes Were Sold
At Asking

285 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 829 homes were sold or pending in Denver in April 2024, up by 127.7% month-over-month. Of the 829 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% were sold over asking.

Days on Market for Denver, CO

How long does it take to sell a home in Denver, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days29 Days+38.4%

Summary: Homes in Denver had an average of 29 days on market in Apr 2024, up by 38.4% compared to last year.

Breakdown of Home Sale Times

605 Homes Were Sold
Under 30 Days

148 Homes Were Sold
In 30 - 90 Days

76 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 829 homes were sold in Denver; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 Denver, CO

Nearby Markets to Denver, CO

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