$3,150,000
4,060 SqFt
5 Beds
•2 Full Baths, 2 Partial
Dewey Burke, Listing Office: Aspen Gold Realty Inc
Is Cherry Creek, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cherry Creek has remained a Seller's Market.
Key Takeaway
Cherry Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherry Creek, CO
How much do homes in Cherry Creek, CO cost?
Median Sold Price
$1,457,500
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$147,500(+11.3%)
Key Takeaway
Homes in Cherry Creek have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Cherry Creek was $1,457,500 in November 2024, up 11.3% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $435K | -63.0% |
| 2 Bedrooms | $801K | $982.2K | +22.6% |
| 3 Bedrooms | $1.3M | $1.5M | +18.4% |
| 4 Bedrooms | $1.9M | $1.8M | -5.8% |
| 5+ Bedrooms | $2.8M | $5.5M | +98.3% |
Summary: Cherry Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 98.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Cherry Creek | $1.3M | $1.4M | +11.3% |
| Harmans | $1.6M | $1.8M | +8.7% |
| Congress Park | $920K | $925K | 0.5% |
| Belcaro / Polo Club | $1.5M | $1.5M | 0.3% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Summary: The Cherry Creek real estate market had 67 homes for sale in November 2024, a 1.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cherry Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Cherry Creek in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 54 Days | +37.6% |
Summary: Homes in Cherry Creek had an average of 54 days on market in Nov 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 12 homes were sold in Cherry Creek; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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