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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Denver is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Northeast Denver has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Northeast Denver, CO

How much do homes in Northeast Denver, CO cost?

Median Sold Price

$716,611

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$33,388(-4.5%)

Key Takeaway

Homes in Northeast Denver have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Northeast Denver was $716,611 in April 2024, down 4.5% from last year, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $365K$352.5K
-3.4%
2 $526.7K$500.5K
-5.0%
3 $683K$664.9K
-2.7%
4 $887.5K$835K
-5.9%
5+ $1.2M$1.2M
+4.5%

Summary: Northeast Denver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Neighborhoods

Elmwood Place
-1.7%
Northeast Denver
-4.5%

Housing Supply in Northeast Denver, CO

How many homes are available in Northeast Denver, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
322466+44.7%

Summary: The Northeast Denver real estate market had 466 homes for sale in April 2024, a 44.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1623
+43.8%
2 7191
+28.2%
3 92151
+64.1%
4 95127
+33.7%
5+ 4874
+54.2%

Summary: The Northeast Denver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 64.1%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes increased by 54.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
57133+133.3%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Denver, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 133 homes were sold or pending in Northeast Denver in April 2024, up by 133.3% month-over-month. Of the 133 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.

Days on Market for Northeast Denver, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days21 Days+67.8%

Summary: Homes in Northeast Denver had an average of 21 days on market in Apr 2024, up by 67.8% compared to last year.

Breakdown of Home Sale Times

109 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 133 homes were sold in Northeast Denver; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

Newest Listings in Northeast Denver, CO

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