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 May 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
$3,250,000
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cherry Hills Village was $3,250,000 in May 2024, up 0.5% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.1M | $1.5M | +34.8% |
4 Bedrooms | $2.6M | $2.3M | -10.5% |
5+ Bedrooms | $3.3M | $3.8M | +16.7% |
Summary: Cherry Hills Village housing prices by bedroom type for May 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 34.8%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Englewood | $610K | $636.6K | +4.4% |
Southwest Arapahoe | $659.6K | $685.9K | +4.0% |
Cherry Hills Village | $3.2M | $3.2M | 0.5% |
Littleton | $664.6K | $667.4K | 0.4% |
Denver | $649.9K | $623.6K | -4.0% |
Housing Supply in Cherry Hills Village, CO
How many homes are available in Cherry Hills Village, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Summary: The Cherry Hills Village real estate market had 43 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 31 | 35 | +12.9% |
Summary: The Cherry Hills Village housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cherry Hills Village in May 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 58 Days | +94.2% |
Summary: Homes in Cherry Hills Village had an average of 58 days on market in May 2024, up by 94.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Cherry Hills Village; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.