Is Denver, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Denver, CO

How much do homes in Denver, CO cost?

Median Sold Price

$585,199

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$37,709(-6.1%)

Key Takeaway

Homes in Denver have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Denver was $585,199 in November 2024, down 6.1% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $313.9K$308.8K
-1.6%
2 $459.6K$425.1K
-7.5%
3 $651.2K$607.8K
-6.7%
4 $815K$778.6K
-4.5%
5+ $1.1M$1.0M
-9.7%

Summary: Denver housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Cities

Denver
-6.1%
Englewood
-6.5%
Cherry Hills Village
-10.3%

Housing Supply in Denver, CO

How many homes are available in Denver, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4,5324,331-4.4%

Summary: The Denver real estate market had 4,331 homes for sale in November 2024, a 4.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 511502
-1.8%
2 1,3021,268
-2.6%
3 1,2301,184
-3.7%
4 935833
-10.9%
5+ 554544
-1.8%

Summary: The Denver housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 1.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
875757-13.5%

Asking Price vs. Sold Price

443 Homes Were Sold
Under Asking

176 Homes Were Sold
At Asking

138 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.

Summary: A total of 757 homes were sold or pending in Denver in November 2024, down by 13.5% month-over-month. Of the 757 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.

Days on Market for Denver, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days51 Days+88.3%

Summary: Homes in Denver had an average of 51 days on market in Nov 2024, up by 88.3% compared to last year.

Breakdown of Home Sale Times

380 Homes Were Sold
Under 30 Days

228 Homes Were Sold
In 30 - 90 Days

149 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 757 homes were sold in Denver; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 Denver, CO

Nearby Markets to Denver, CO

What housing markets are near Denver, CO?