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 Last Month

Last month, Cherry Hills Village was a Buyer's 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

$3,100,000

$607/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$905,000(+41.2%)

Key Takeaway

Homes in Cherry Hills Village have sold for 41.2% more than they did a month ago.

Summary: The median home sold price in Cherry Hills Village was $3,100,000 in October 2024, up 41.2% from last month, and the median price per square foot was $607.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $2.9M$2.5M
-12.8%
5+ $2.1M$3.4M
+57.2%

Summary: Cherry Hills Village 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 57.2%.

Housing Supply in Cherry Hills Village, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4243+2.4%

Summary: The Cherry Hills Village real estate market had 43 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 119
-18.2%
5+ 3134
+9.7%

Summary: The Cherry Hills Village 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 9.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

8 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. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Cherry Hills Village in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% 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

Sep 2024Oct 2024CHANGE
7 Days78 Days+1023.8%

Summary: Homes in Cherry Hills Village had an average of 78 days on market in Oct 2024, up by 1023.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Cherry Hills Village; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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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