Is Southeast 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, Southeast Denver has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287K | $275.2K | -4.1% |
2 Bedrooms | $430K | $429.7K | -0.1% |
3 Bedrooms | $786K | $790.5K | +0.6% |
4 Bedrooms | $996K | $964.2K | -3.2% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
976 | 1,487 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 117 | 195 | +66.7% |
2 Bedrooms | 298 | 435 | +46.0% |
3 Bedrooms | 191 | 301 | +57.6% |
4 Bedrooms | 189 | 306 | +61.9% |
5+ Bedrooms | 181 | 250 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 299 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 29 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
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.