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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver is a 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, CO

How much do homes in Denver, CO cost?

Median Sold Price

$628,229

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$22,137(-3.4%)

Key Takeaway

Homes in Denver have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Denver was $628,229 in April 2024, down 3.4% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $342.5K$310.7K
-9.3%
2 $477.6K$469K
-1.8%
3 $675.5K$651.9K
-3.5%
4 $858K$819.6K
-4.5%
5+ $1.2M$1.1M
-3.4%

Summary: Denver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Englewood
+2.6%
Cherry Hills Village
+0.8%
Denver
-3.4%

Housing Supply in Denver, CO

How many homes are available in Denver, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2,5433,762+47.9%

Summary: The Denver real estate market had 3,762 homes for sale in April 2024, a 47.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 275410
+49.1%
2 7491,038
+38.6%
3 6541,019
+55.8%
4 519789
+52.0%
5+ 346506
+46.2%

Summary: The Denver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 55.8%, 4 bedroom homes increased by 52%, and 5+ bedroom homes increased by 46.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
364829+127.7%

Asking Price vs. Sold Price

346 Homes Were Sold
Under Asking

198 Homes Were Sold
At Asking

285 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 829 homes were sold or pending in Denver in April 2024, up by 127.7% month-over-month. Of the 829 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% were sold over asking.

Days on Market for Denver, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days29 Days+38.4%

Summary: Homes in Denver had an average of 29 days on market in Apr 2024, up by 38.4% compared to last year.

Breakdown of Home Sale Times

605 Homes Were Sold
Under 30 Days

148 Homes Were Sold
In 30 - 90 Days

76 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 829 homes were sold in Denver; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 11 Days Ago

Newest Listings in Denver, CO

Nearby Markets to Denver, CO

What housing markets are near Denver, CO?