$7,541 Closing Credit*
$635,000
1,850 SqFt
3 Beds
•2 Full Baths, 2 Partial
Jaryd Takushi, Listing Office: Aloha Real Estate LLC
Is Northeast Denver, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$668,875
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,597(-2.7%)
Key Takeaway
Homes in Northeast Denver have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Northeast Denver was $668,875 in October 2024, down 2.7% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $338K | $333K | -1.5% |
| 2 Bedrooms | $500.5K | $468K | -6.5% |
| 3 Bedrooms | $649.4K | $640.6K | -1.3% |
| 4 Bedrooms | $865K | $817.5K | -5.5% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.6% |
Summary: Northeast Denver housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Denver | $687.4K | $668.8K | -2.7% |
| Oakland | $543K | $515K | -5.2% |
Housing Supply in Northeast Denver, CO
How many homes are available in Northeast Denver, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 547 | 570 | +4.2% |
Summary: The Northeast Denver real estate market had 570 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 29 | -6.5% |
| 2 Bedrooms | 124 | 134 | +8.1% |
| 3 Bedrooms | 175 | 175 | 0.0% |
| 4 Bedrooms | 156 | 151 | -3.2% |
| 5+ Bedrooms | 61 | 81 | +32.8% |
Summary: The Northeast Denver housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 32.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 120 | +4.3% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Denver, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in Northeast Denver in October 2024, up by 4.3% month-over-month. Of the 120 sold homes, 56% were sold under asking, 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +94.3% |
Summary: Homes in Northeast Denver had an average of 42 days on market in Oct 2024, up by 94.3% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Denver are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 120 homes were sold in Northeast Denver; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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