Is Greenwood Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Village is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Greenwood Village has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greenwood Village, CO

How much do homes in Greenwood Village, CO cost?

Median Sold Price

$1,550,000

$397/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$95,000(+6.5%)

Key Takeaway

Homes in Greenwood Village have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Greenwood Village was $1,550,000 in May 2024, up 6.5% from last year, and the median price per square foot was $397.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $340K$364.5K
+7.2%
2 $405K$445K
+9.9%
3 $1.1M$1.1M
-1.1%
4 $1.5M$1.8M
+18.2%
5+ $2.1M$2.2M
+4.7%

Summary: Greenwood Village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 9.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Greenwood Village
+6.5%
Englewood
+4.4%
Southwest Arapahoe
+4.0%
Centennial
+1.0%
Cherry Hills Village
0.5%

Housing Supply in Greenwood Village, CO

How many homes are available in Greenwood Village, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5772+26.3%

Summary: The Greenwood Village real estate market had 72 homes for sale in May 2024, a 26.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 56
+20.0%
2 912
+33.3%
3 1513
-13.3%
4 713
+85.7%
5+ 2128
+33.3%

Summary: The Greenwood Village housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Village, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Greenwood Village in May 2024, up by 26.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Greenwood Village, CO

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

Average Sale Time

May 2023May 2024CHANGE
25 Days38 Days+51.1%

Summary: Homes in Greenwood Village had an average of 38 days on market in May 2024, up by 51.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 19 homes were sold in Greenwood Village; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% 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 1 Day Ago

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