Is Commerce City, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commerce City is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Commerce City has remained a Seller's Market.

Key Takeaway

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

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.

Key Takeaway

The sold price of homes in Commerce City has remained the same since last year.

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

# BEDSMay 2023May 2024CHANGE
1 -$376K
N/A
2 $375K$390K
+4.0%
3 $510K$495K
-2.9%
4 $567K$565K
-0.4%
5+ $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
+3.2%
West Adams
+0.9%
Thornton
0.1%
Commerce City
0.0%
Denver
-4.0%

Housing Supply in Commerce City, CO

How many homes are available in Commerce City, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
465496+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 4451
+15.9%
3 214234
+9.3%
4 145150
+3.4%
5+ 6261
-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 2024May 2024CHANGE
128129+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commerce City, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

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 2023May 2024CHANGE
18 Days34 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Commerce City, CO

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