$10,000 Closing Credit*
$1,500,000
2,099 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Mooresville Realty LLC
Is Denver, NC 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, Denver has remained a Seller's Market.
Key Takeaway
Denver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denver, NC
How much do homes in Denver, NC cost?
Median Sold Price
$520,200
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,200(+7.3%)
Key Takeaway
Homes in Denver have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Denver was $520,200 in October 2024, up 7.3% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $235K | -29.9% |
| 2 Bedrooms | $260.6K | $412.5K | +58.3% |
| 3 Bedrooms | $398.3K | $406K | +1.9% |
| 4 Bedrooms | $678.8K | $649K | -4.4% |
| 5+ Bedrooms | $750K | $681.7K | -9.1% |
Summary: Denver housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Mountain Creek Township | $405K | $504.3K | +24.5% |
| Sherrills Ford | $375K | $462K | +23.2% |
| Catawba Springs Township | $490.2K | $540K | +10.2% |
| Denver | $485K | $520.2K | +7.3% |
| Iron Station | $434.7K | $425K | -2.2% |
Housing Supply in Denver, NC
How many homes are available in Denver, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 230 | 222 | -3.5% |
Summary: The Denver real estate market had 222 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 10 | -33.3% |
| 3 Bedrooms | 79 | 72 | -8.9% |
| 4 Bedrooms | 91 | 96 | +5.5% |
| 5+ Bedrooms | 45 | 44 | -2.2% |
Summary: The Denver 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 decreased by 33.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Denver in October 2024, down by 7.8% month-over-month. Of the 47 sold homes, 43% were sold under asking, 34% were sold at asking, and 23% were sold over asking.
Days on Market for Denver, NC
How long does it take to sell a home in Denver, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 38 Days | -12.1% |
Summary: Homes in Denver had an average of 38 days on market in Oct 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Denver are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Denver; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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