$10,000 Closing Credit*
$850,000
1,440 SqFt
2 Beds
•1 Full Bath, 1 Partial
Dena Reeves-Pastorini, Listing Office: Kentwood Real Estate City Properties
Is The Commons, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, The Commons was a Seller'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
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$119,500(-14.3%)
Key Takeaway
Homes in The Commons have sold for 14.3% less than they did a year ago.
Summary: The median home sold price in The Commons was $718,000 in October 2024, down 14.3% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $515K | -3.7% |
| 2 Bedrooms | $967.5K | $870K | -10.1% |
| 3 Bedrooms | $1.1M | $1.6M | +37.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: The Commons housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 37.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Denver | $754.9K | $750K | -0.7% |
| Central Platte Valley & Prospect | $707.5K | $667.5K | -5.7% |
| The Commons | $837.5K | $718K | -14.3% |
| Union Station / Lower Downtown | $800K | $600K | -25.0% |
Housing Supply in The Commons, CO
How many homes are available in The Commons, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The The Commons real estate market had 40 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Commons housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
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 October 2024, down by 40.0% month-over-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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 86 Days | +15.2% |
Summary: Homes in The Commons had an average of 86 days on market in Oct 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 October 2024, 3 homes were sold in The Commons; 33% of homes were sold within 30 days, 0% 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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