$8,609 Closing Credit*
$725,000
1,308 SqFt
2 Beds
•2 Full Baths
Nancy Schaack, Listing Office: Redfin Corporation
Is Cheesman Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cheesman Park has remained a Buyer's Market.
Key Takeaway
Cheesman Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cheesman Park, CO
How much do homes in Cheesman Park, CO cost?
Median Sold Price
$429,500
$432/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$84,000(-16.4%)
Key Takeaway
Homes in Cheesman Park have sold for 16.4% less than they did a month ago.
Summary: The median home sold price in Cheesman Park was $429,500 in October 2024, down 16.4% from last month, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.9K | $233.9K | -33.1% |
| 2 Bedrooms | $490K | $539K | +10.0% |
| 3 Bedrooms | $537K | $1.0M | +103.4% |
| 4 Bedrooms | $1.5M | - | N/A |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Cheesman Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 33.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 103.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Denver City Park | $600K | $906.2K | +51.0% |
| Congress Park | $960K | $913.5K | -4.8% |
| Cheesman Park | $513.5K | $429.5K | -16.4% |
Housing Supply in Cheesman Park, CO
How many homes are available in Cheesman Park, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 72 | +7.5% |
Summary: The Cheesman Park real estate market had 72 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 25 | +25.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cheesman Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cheesman Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cheesman Park in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Cheesman Park, CO
How long does it take to sell a home in Cheesman Park, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 80 Days | +92.0% |
Summary: Homes in Cheesman Park had an average of 80 days on market in Oct 2024, up by 92% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cheesman Park has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Cheesman Park; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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