Is Cherry Hills Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Hills Village is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cherry Hills Village was a Neutral Market.

Key Takeaway

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

Housing Prices in Cherry Hills Village, CO

How much do homes in Cherry Hills Village, CO cost?

Median Sold Price

$3,006,250

$544/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$343,750(-10.3%)

Key Takeaway

Homes in Cherry Hills Village have sold for 10.3% less than they did a year ago.

Summary: The median home sold price in Cherry Hills Village was $3,006,250 in November 2024, down 10.3% from last year, and the median price per square foot was $544.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$2.1M
N/A
4 $2.6M$2.3M
-10.5%
5+ $3.8M$3.5M
-8.3%

Summary: Cherry Hills Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Littleton
-1.1%
Southwest Arapahoe
-4.9%
Denver
-6.1%
Englewood
-6.5%
Cherry Hills Village
-10.3%

Housing Supply in Cherry Hills Village, CO

How many homes are available in Cherry Hills Village, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3828-26.3%

Summary: The Cherry Hills Village real estate market had 28 homes for sale in November 2024, a 26.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 86
-25.0%
5+ 3021
-30.0%

Summary: The Cherry Hills Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Hills Village, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cherry Hills Village in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Cherry Hills Village, CO

How long does it take to sell a home in Cherry Hills Village, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days46 Days+81.2%

Summary: Homes in Cherry Hills Village had an average of 46 days on market in Nov 2024, up by 81.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 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 Hills Village has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Cherry Hills Village; 17% of homes were sold within 30 days, 83% 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 20 Days Ago

Newest Listings in Cherry Hills Village, CO

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