Is Cherry Creek Townhomes, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Creek Townhomes is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Cherry Creek Townhomes was a Seller's Market.

Key Takeaway

Cherry Creek Townhomes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cherry Creek Townhomes, CO

How much do homes in Cherry Creek Townhomes, CO cost?

Median Sold Price

$327,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$25,000(-7.1%)

Key Takeaway

Homes in Cherry Creek Townhomes have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in Cherry Creek Townhomes was $327,000 in September 2024, down 7.1% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $340K$314.9K
-7.4%
3 $371.5K$382.5K
+3.0%
4 $368.5K$382.5K
+3.8%
5+ --
N/A

Summary: Cherry Creek Townhomes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Hampden South
+45.8%
Hutchinson Hills
+4.0%
Southeast Denver
-5.7%
Cherry Creek Townhomes
-7.1%

Housing Supply in Cherry Creek Townhomes, CO

How many homes are available in Cherry Creek Townhomes, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2221-4.5%

Summary: The Cherry Creek Townhomes real estate market had 21 homes for sale in September 2024, a 4.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 118
-27.3%
4 45
+25.0%
5+ 00
0.0%

Summary: The Cherry Creek Townhomes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Creek Townhomes, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Cherry Creek Townhomes in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Cherry Creek Townhomes, CO

How long does it take to sell a home in Cherry Creek Townhomes, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days28 Days+2.4%

Summary: Homes in Cherry Creek Townhomes had an average of 28 days on market in Sep 2024, up by 2.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cherry Creek Townhomes has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Cherry Creek Townhomes; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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