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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, Cherry Creek Townhomes was a Neutral Market.

Key Takeaway

Cherry Creek Townhomes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cherry Creek Townhomes, CO

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

Median Sold Price

$331,500

$296/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$45,645(+16.0%)

Key Takeaway

Homes in Cherry Creek Townhomes have sold for 16% more than they did a month ago.

Summary: The median home sold price in Cherry Creek Townhomes was $331,500 in October 2024, up 16% from last month, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $285.4K$295.2K
+3.4%
3 $400K$357K
-10.8%
4 -$390K
N/A
5+ --
N/A

Summary: Cherry Creek Townhomes housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Cherry Creek Townhomes
+16.0%
Cherry Creek III
-6.3%

Housing Supply in Cherry Creek Townhomes, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1920+5.3%

Summary: The Cherry Creek Townhomes real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 78
+14.3%
4 56
+20.0%
5+ 00
0.0%

Summary: The Cherry Creek Townhomes housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Creek Townhomes, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Cherry Creek Townhomes in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2024Oct 2024CHANGE
28 Days49 Days+75.6%

Summary: Homes in Cherry Creek Townhomes had an average of 49 days on market in Oct 2024, up by 75.6% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherry Creek Townhomes are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Cherry Creek Townhomes; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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