Is Denver, 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, Denver has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.5K | $310.7K | -9.3% |
2 Bedrooms | $477.6K | $469K | -1.8% |
3 Bedrooms | $675.5K | $651.9K | -3.5% |
4 Bedrooms | $858K | $819.6K | -4.5% |
5+ Bedrooms | $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 | $623.7K | $640K | +2.6% |
Cherry Hills Village | $3.3M | $3.3M | +0.8% |
Denver | $650.3K | $628.2K | -3.4% |
Housing Supply in Denver, CO
How many homes are available in Denver, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,543 | 3,762 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 275 | 410 | +49.1% |
2 Bedrooms | 749 | 1,038 | +38.6% |
3 Bedrooms | 654 | 1,019 | +55.8% |
4 Bedrooms | 519 | 789 | +52.0% |
5+ Bedrooms | 346 | 506 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
364 | 829 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 29 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
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.