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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Denver is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Northeast Denver, CO

How much do homes in Northeast Denver, CO cost?

Median Sold Price

$665,113

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,886(-2.9%)

Key Takeaway

Homes in Northeast Denver have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Northeast Denver was $665,113 in November 2024, down 2.9% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K$327.7K
-2.2%
2 $500K$459.5K
-8.1%
3 $650K$640K
-1.5%
4 $850.5K$820.2K
-3.6%
5+ $1.2M$1.3M
+9.0%

Summary: Northeast Denver housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 9%.

Housing Supply in Northeast Denver, CO

How many homes are available in Northeast Denver, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
528482-8.7%

Summary: The Northeast Denver real estate market had 482 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2830
+7.1%
2 120115
-4.2%
3 158149
-5.7%
4 144116
-19.4%
5+ 7872
-7.7%

Summary: The Northeast Denver housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12394-23.6%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Denver, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.

Summary: A total of 94 homes were sold or pending in Northeast Denver in November 2024, down by 23.6% month-over-month. Of the 94 sold homes, 57% were sold under asking, 22% were sold at asking, and 20% were sold over asking.

Days on Market for Northeast Denver, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days49 Days+65.8%

Summary: Homes in Northeast Denver had an average of 49 days on market in Nov 2024, up by 65.8% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 94 homes were sold in Northeast Denver; 54% of homes were sold within 30 days, 26% 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 21 Days Ago

Newest Listings in Northeast Denver, CO

Nearby Markets to Northeast Denver, CO