Is Northeast 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, Northeast Denver has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $352.5K | -3.4% |
2 Bedrooms | $526.7K | $500.5K | -5.0% |
3 Bedrooms | $683K | $664.9K | -2.7% |
4 Bedrooms | $887.5K | $835K | -5.9% |
5+ Bedrooms | $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 | $582.5K | $572.5K | -1.7% |
Northeast Denver | $750K | $716.6K | -4.5% |
Housing Supply in Northeast Denver, CO
How many homes are available in Northeast Denver, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 466 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 23 | +43.8% |
2 Bedrooms | 71 | 91 | +28.2% |
3 Bedrooms | 92 | 151 | +64.1% |
4 Bedrooms | 95 | 127 | +33.7% |
5+ Bedrooms | 48 | 74 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 133 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 21 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
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.