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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Denver County, CO

How much do homes in Denver County, CO cost?

Median Sold Price

$620,239

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$50,181(-7.5%)

Key Takeaway

Homes in Denver County have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in Denver County was $620,239 in October 2024, down 7.5% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $340K$325K
-4.4%
2 $499.9K$465.7K
-6.9%
3 $697.9K$639.7K
-8.3%
4 $888.8K$819.4K
-7.8%
5+ $1.2M$1.1M
-6.9%

Summary: Denver County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Counties

Adams County
+2.0%
Jefferson County
-1.6%
Arapahoe County
-1.9%
Denver County
-7.5%

Housing Supply in Denver County, CO

How many homes are available in Denver County, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3,8354,198+9.5%

Summary: The Denver County real estate market had 4,198 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 452496
+9.7%
2 1,0501,147
+9.2%
3 1,0321,132
+9.7%
4 833893
+7.2%
5+ 468530
+13.2%

Summary: The Denver County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 13.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
649713+9.9%

Asking Price vs. Sold Price

388 Homes Were Sold
Under Asking

180 Homes Were Sold
At Asking

145 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver County, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.

Summary: A total of 713 homes were sold or pending in Denver County in October 2024, up by 9.9% month-over-month. Of the 713 sold homes, 54% were sold under asking, 25% were sold at asking, and 20% were sold over asking.

Days on Market for Denver County, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days46 Days+83.8%

Summary: Homes in Denver County had an average of 46 days on market in Oct 2024, up by 83.8% compared to last year.

Breakdown of Home Sale Times

373 Homes Were Sold
Under 30 Days

218 Homes Were Sold
In 30 - 90 Days

122 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 713 homes were sold in Denver County; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% 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 County, CO

Nearby Markets to Denver County, CO

What housing markets are near Denver County, CO?