Is Commerce City, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commerce City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Commerce City has remained a Seller's Market.

Key Takeaway

Commerce City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Commerce City, CO

How much do homes in Commerce City, CO cost?

Median Sold Price

$524,987

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,987(+1.9%)

Key Takeaway

Homes in Commerce City have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Commerce City was $524,987 in November 2024, up 1.9% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$376K
N/A
2 $375K$387.2K
+3.3%
3 $490K$500K
+2.0%
4 $550K$560K
+1.8%
5+ $610K$616K
+1.0%

Summary: Commerce City 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 increased by 3.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Thornton
+4.9%
Brighton
+2.6%
Commerce City
+1.9%
West Adams
+1.2%
Denver
-6.1%

Housing Supply in Commerce City, CO

How many homes are available in Commerce City, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
512491-4.1%

Summary: The Commerce City real estate market had 491 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 5050
0.0%
3 238235
-1.3%
4 146133
-8.9%
5+ 7873
-6.4%

Summary: The Commerce City 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 decreased by 1.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 6.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98111+13.3%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commerce City, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.

Summary: A total of 111 homes were sold or pending in Commerce City in November 2024, up by 13.3% month-over-month. Of the 111 sold homes, 41% were sold under asking, 45% were sold at asking, and 14% were sold over asking.

Days on Market for Commerce City, CO

How long does it take to sell a home in Commerce City, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days44 Days+56.1%

Summary: Homes in Commerce City had an average of 44 days on market in Nov 2024, up by 56.1% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Commerce City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 111 homes were sold in Commerce City; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 16% 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 Commerce City, CO

Nearby Markets to Commerce City, CO

What housing markets are near Commerce City, CO?