$5,403 Closing Credit*
$455,000
722 SqFt
1 Bed
•1 Full Bath
Mateo Gomez, Listing Office: Brokers Guild Homes
Is The Commons, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, The Commons has remained a Buyer's Market.
Key Takeaway
The Commons is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Commons, CO
How much do homes in The Commons, CO cost?
Median Sold Price
$718,000
$626/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$167,000(-18.9%)
Key Takeaway
Homes in The Commons have sold for 18.9% less than they did a year ago.
Summary: The median home sold price in The Commons was $718,000 in November 2024, down 18.9% from last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $552.5K | $515K | -6.8% |
| 2 Bedrooms | $967.5K | $850K | -12.1% |
| 3 Bedrooms | $1.3M | $1.7M | +33.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: The Commons housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Denver | $757.5K | $747.6K | -1.3% |
| The Commons | $885K | $718K | -18.9% |
| Central Platte Valley & Prospect | $800K | $642.5K | -19.7% |
| Union Station / Lower Downtown | $787.5K | $602.5K | -23.5% |
Housing Supply in The Commons, CO
How many homes are available in The Commons, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The The Commons real estate market had 38 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Commons housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Commons, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in The Commons in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Commons, CO
How long does it take to sell a home in The Commons, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 113 Days | 149 Days | +31.9% |
Summary: Homes in The Commons had an average of 149 days on market in Nov 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in The Commons are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in The Commons; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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