Is Greenwood Village, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenwood Village has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $364.5K | +7.2% |
2 Bedrooms | $405K | $445K | +9.9% |
3 Bedrooms | $1.1M | $1.1M | -1.1% |
4 Bedrooms | $1.5M | $1.8M | +18.2% |
5+ Bedrooms | $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 | $1.4M | $1.5M | +6.5% |
Englewood | $610K | $636.6K | +4.4% |
Southwest Arapahoe | $659.6K | $685.9K | +4.0% |
Centennial | $665.2K | $671.6K | +1.0% |
Cherry Hills Village | $3.2M | $3.2M | 0.5% |
Housing Supply in Greenwood Village, CO
How many homes are available in Greenwood Village, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 72 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 21 | 28 | +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 2024 | May 2024 | CHANGE |
---|---|---|
15 | 19 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 38 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
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.