$10,000 Closing Credit*
$899,000
1,787 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jim Rhye, Listing Office: Kentwood Real Estate Cherry Creek
Is Cherry Creek, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cherry Creek was a Seller's Market.
Key Takeaway
Cherry Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Creek, CO
How much do homes in Cherry Creek, CO cost?
Median Sold Price
$1,450,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,000(+6.6%)
Key Takeaway
Homes in Cherry Creek have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Cherry Creek was $1,450,000 in October 2024, up 6.6% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $435K | -63.0% |
| 2 Bedrooms | $772K | $1.0M | +34.0% |
| 3 Bedrooms | $1.4M | $1.4M | -2.4% |
| 4 Bedrooms | $1.9M | $1.8M | -3.1% |
| 5+ Bedrooms | $2.7M | $5.5M | +100.6% |
Summary: Cherry Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63%, 2 bedroom homes increased by 34%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 100.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Belcaro / Polo Club | $1.4M | $1.5M | +10.7% |
| Cherry Creek | $1.3M | $1.4M | +6.6% |
| Harmans | $1.6M | $1.7M | +6.4% |
| Burlington Capitol Hill | $1.1M | $1.1M | -4.3% |
Housing Supply in Cherry Creek, CO
How many homes are available in Cherry Creek, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The Cherry Creek real estate market had 75 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cherry Creek housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Creek, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cherry Creek in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Creek, CO
How long does it take to sell a home in Cherry Creek, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 55 Days | +44.5% |
Summary: Homes in Cherry Creek had an average of 55 days on market in Oct 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherry Creek are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Cherry Creek; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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