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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Denver is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Southeast Denver was a Seller's Market.

Key Takeaway

Southeast Denver is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Southeast Denver, CO

How much do homes in Southeast Denver, CO cost?

Median Sold Price

$677,841

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$44,380(-6.1%)

Key Takeaway

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

Summary: The median home sold price in Southeast Denver was $677,841 in November 2024, down 6.1% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $271.7K$274.4K
+1.0%
2 $406.7K$383.4K
-5.7%
3 $770.2K$726.7K
-5.7%
4 $975K$925.1K
-5.1%
5+ $1.6M$1.4M
-9.0%

Summary: Southeast Denver housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 9%.

Housing Supply in Southeast Denver, CO

How many homes are available in Southeast Denver, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,7941,707-4.8%

Summary: The Southeast Denver real estate market had 1,707 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 245236
-3.7%
2 556538
-3.2%
3 374347
-7.2%
4 347314
-9.5%
5+ 272272
0.0%

Summary: The Southeast Denver housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
336281-16.4%

Asking Price vs. Sold Price

188 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Denver, you may be able to get a good deal. 66.9% of homes here sold below asking price last month.

Summary: A total of 281 homes were sold or pending in Southeast Denver in November 2024, down by 16.4% month-over-month. Of the 281 sold homes, 67% were sold under asking, 18% were sold at asking, and 15% were sold over asking.

Days on Market for Southeast Denver, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days55 Days+121.7%

Summary: Homes in Southeast Denver had an average of 55 days on market in Nov 2024, up by 121.7% compared to last year.

Breakdown of Home Sale Times

121 Homes Were Sold
Under 30 Days

107 Homes Were Sold
In 30 - 90 Days

53 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 281 homes were sold in Southeast Denver; 43% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% 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 Southeast Denver, CO

Nearby Markets to Southeast Denver, CO