Is Denver, NC 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.
Key Takeaway
Denver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denver, NC
How much do homes in Denver, NC cost?
Median Sold Price
$474,916
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Denver have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Denver was $474,916 in April 2024, down 2.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $225K | -32.8% |
| 2 Bedrooms | $350K | $340K | -2.9% |
| 3 Bedrooms | $410K | $401.2K | -2.1% |
| 4 Bedrooms | $600K | $643K | +7.2% |
| 5+ Bedrooms | $780K | $730K | -6.4% |
Summary: Denver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Iron Station | $417.8K | $430K | +2.9% |
| Sherrills Ford | $425K | $429K | +0.9% |
| Catawba Springs Township | $495K | $489.6K | -1.1% |
| Mountain Creek Township | $458.3K | $453.5K | -1.1% |
| Denver | $487.4K | $474.9K | -2.6% |
Housing Supply in Denver, NC
How many homes are available in Denver, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 186 | 204 | +9.7% |
Summary: The Denver real estate market had 204 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 69 | 78 | +13.0% |
| 4 Bedrooms | 73 | 89 | +21.9% |
| 5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Denver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Denver in April 2024, the same as the previous month. Of the 40 sold homes, 50% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Denver, NC
How long does it take to sell a home in Denver, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 30 Days | -42.0% |
Summary: Homes in Denver had an average of 30 days on market in Apr 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Denver are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in Denver; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.