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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Denver is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Southeast Denver, CO

How much do homes in Southeast Denver, CO cost?

Median Sold Price

$724,995

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$24,799(-3.3%)

Key Takeaway

Homes in Southeast Denver have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Southeast Denver was $724,995 in April 2024, down 3.3% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $287K$275.2K
-4.1%
2 $430K$429.7K
-0.1%
3 $786K$790.5K
+0.6%
4 $996K$964.2K
-3.2%
5+ $1.6M$1.6M
-2.7%

Summary: Southeast Denver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 2.7%.

Housing Supply in Southeast Denver, CO

How many homes are available in Southeast Denver, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9761,487+52.4%

Summary: The Southeast Denver real estate market had 1,487 homes for sale in April 2024, a 52.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 117195
+66.7%
2 298435
+46.0%
3 191301
+57.6%
4 189306
+61.9%
5+ 181250
+38.1%

Summary: The Southeast Denver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 46%, 3 bedroom homes increased by 57.6%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 38.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
126299+137.3%

Asking Price vs. Sold Price

130 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

110 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Denver, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 299 homes were sold or pending in Southeast Denver in April 2024, up by 137.3% month-over-month. Of the 299 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.

Days on Market for Southeast Denver, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days29 Days+32.5%

Summary: Homes in Southeast Denver had an average of 29 days on market in Apr 2024, up by 32.5% compared to last year.

Breakdown of Home Sale Times

215 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 299 homes were sold in Southeast Denver; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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

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