$5,046 Closing Credit*
$424,900
992 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kim Kouba, Listing Office: Compass-Denver
Is Cheesman Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Cheesman Park was a Seller'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
$458,000
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$8,050(+1.8%)
Key Takeaway
Homes in Cheesman Park have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Cheesman Park was $458,000 in December 2024, up 1.8% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $298.2K | +4.6% |
| 2 Bedrooms | $449.9K | $494.7K | +10.0% |
| 3 Bedrooms | $937.5K | $1.1M | +20.0% |
| 4 Bedrooms | $1.3M | $1.0M | -23.1% |
| 5+ Bedrooms | $1.4M | $1.4M | 0.3% |
Summary: Cheesman Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
| City Park West | $620K | $646.5K | +4.3% |
| Cheesman Park | $449.9K | $458K | +1.8% |
| Northeast Denver | $673.4K | $662.7K | -1.6% |
Housing Supply in Cheesman Park, CO
How many homes are available in Cheesman Park, CO?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Summary: The Cheesman Park real estate market had 47 homes for sale in December 2024, a 11.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cheesman Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheesman Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cheesman Park in December 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 39 Days | 103 Days | +165.0% |
Summary: Homes in Cheesman Park had an average of 103 days on market in Dec 2024, up by 165% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cheesman Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in Cheesman Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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