Is Commerce City, 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, Commerce City has remained a Seller's Market.
Housing Prices in Commerce City, CO
How much do homes in Commerce City, CO cost?
Median Sold Price
$525,000
$260/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Commerce City was $525,000 in May 2024, the same as last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $376K | N/A |
2 Bedrooms | $375K | $390K | +4.0% |
3 Bedrooms | $510K | $495K | -2.9% |
4 Bedrooms | $567K | $565K | -0.4% |
5+ Bedrooms | $618.4K | $619.9K | 0.2% |
Summary: Commerce City 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 increased by 4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Brighton | $508.8K | $525K | +3.2% |
West Adams | $495.5K | $500K | +0.9% |
Thornton | $529.5K | $530.2K | 0.1% |
Commerce City | $525K | $525K | 0.0% |
Denver | $649.9K | $623.6K | -4.0% |
Housing Supply in Commerce City, CO
How many homes are available in Commerce City, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
465 | 496 | +6.7% |
Summary: The Commerce City real estate market had 496 homes for sale in May 2024, a 6.7% 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 | 44 | 51 | +15.9% |
3 Bedrooms | 214 | 234 | +9.3% |
4 Bedrooms | 145 | 150 | +3.4% |
5+ Bedrooms | 62 | 61 | -1.6% |
Summary: The Commerce City 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 increased by 15.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
128 | 129 | +0.8% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Commerce City in May 2024, up by 0.8% month-over-month. Of the 129 sold homes, 40% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Commerce City, CO
How long does it take to sell a home in Commerce City, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 34 Days | +83.4% |
Summary: Homes in Commerce City had an average of 34 days on market in May 2024, up by 83.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 129 homes were sold in Commerce City; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.