Is Governor's Park, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Governor's Park is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Governor's Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Governor's Park, CO

How much do homes in Governor's Park, CO cost?

Median Sold Price

$365,000

$405/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Governor's Park have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Governor's Park was $365,000 in November 2024, up 1.4% from last year, and the median price per square foot was $405.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $317.2K$271K
-14.6%
2 $411.5K$447K
+8.6%
3 $596K$570.5K
-4.3%
4 --
N/A
5+ --
N/A

Summary: Governor's Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Governor's Park
+1.4%
Capitol Hill
-0.9%
Southeast Denver
-6.1%

Housing Supply in Governor's Park, CO

How many homes are available in Governor's Park, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3335+6.1%

Summary: The Governor's Park real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1216
+33.3%
2 1615
-6.3%
3 43
-25.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Governor's Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Governor's Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Governor's Park in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Governor's Park, CO

How long does it take to sell a home in Governor's Park, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days44 Days+691.6%

Summary: Homes in Governor's Park had an average of 44 days on market in Nov 2024, up by 691.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Governor's Park; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Governor's Park, CO

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