Is Cherry Hills Village, 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, Cherry Hills Village has remained a Seller's Market.
Housing Prices in Cherry Hills Village, CO
How much do homes in Cherry Hills Village, CO cost?
Median Sold Price
$3,325,000
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cherry Hills Village was $3,325,000 in April 2024, up 0.8% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.1M | $1.5M | +30.4% |
4 Bedrooms | $3.8M | $2.3M | -38.0% |
5+ Bedrooms | $3.2M | $3.8M | +18.9% |
Summary: Cherry Hills Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
Southwest Arapahoe | $662K | $697.4K | +5.3% |
Englewood | $623.7K | $640K | +2.6% |
Cherry Hills Village | $3.3M | $3.3M | +0.8% |
Littleton | $671.9K | $669.6K | -0.3% |
Denver | $650.3K | $628.2K | -3.4% |
Housing Supply in Cherry Hills Village, CO
How many homes are available in Cherry Hills Village, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 38 | +35.7% |
Summary: The Cherry Hills Village real estate market had 38 homes for sale in April 2024, a 35.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The Cherry Hills Village 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 15 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Cherry Hills Village in April 2024, up by 200.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Cherry Hills Village, CO
How long does it take to sell a home in Cherry Hills Village, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 9 Days | -52.7% |
Summary: Homes in Cherry Hills Village had an average of 9 days on market in Apr 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Cherry Hills Village; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.