Ready to Make Your Move?Let’s examine current home prices, the number of homes on the market, and the length of time they stay on the market. Understanding these trends can help us see how our market is changing.
We’ll look at a few cities around town TODAY to see what’s happening.
We did a similar study in August 2022. Since then, the median and average prices in Highlands Ranch have gone down, and the median price in Westminster has also gone down.
Our analysis is an ongoing process, and we’re committed to keeping you updated. Last week, we observed a decrease in the prices of condos and townhomes across the metro area from April to May and between May 2023 and May 2024. We’ll continue to monitor these trends, ensuring you stay ahead in the market.
Prices aren’t decreasing everywhere, but sellers are under pressure in certain parts of our local market. Homes that sell are priced well may sell in less than 15 days. Those properties are more competitive targets for buyers. Buyers looking to avoid competing with others should look for homes that have been on the market for a while.
New listings continue to hit the market daily; while it’s taking longer to sell homes already for sale, inventory continues to increase, giving buyers more to choose from and sellers more competition.
Denver
Homes for Sale Today: 2986, New Listings Today: 66
Pricing:
| Average List Price | Median List Price |
| $847,612 | $615,000 |
Days on Market:
| Average Days on Market | Median Days on Market | Homes on the market 15+ days | Homes on the market 30+ days | Homes on the market 60+ days |
| 65 | 41 | 76% | 60% | 34% |
Boulder
Homes for Sale Today: 587, New Listings Today: 15
Pricing:
| Average List Price | Median List Price |
| $2,133,419 | $1,375,000 |
Days on Market:
| Average Days on Market | Median Days on Market | Homes on the market 15+ days | Homes on the market 30+ days | Homes on the market 60+ days |
| 69 | 45 | 84% | 66% | 36% |
Highlands Ranch
Homes for Sale Today: 176, New Listings Today: 7
Pricing:
| Average List Price | Median List Price |
| $843,313 | $724,950 |
Days on Market:
| Average Days on Market | Median Days on Market | Homes on the market 15+ days | Homes on the market 30+ days | Homes on the market 60+ days |
| 33 | 20 | 57% | 36% | 16% |
Littleton
Homes for Sale Today: 528, New Listings Today: 12
Pricing:
| Average List Price | Median List Price |
| $963,026 | $725,000 |
Days on Market:
| Average Days on Market | Median Days on Market | Homes on the market 15+ days | Homes on the market 30+ days | Homes on the market 60+ days |
| 50 | 34 | 73% | 54% | 27% |
Westminster
Homes for Sale Today: 166, New Listings Today: 6
Pricing:
| Average List Price | Median List Price |
| $660,833 | $529,900 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 47 | 35 | 81% | 57% | 25% |
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Click HereMetro Denver Real Estate Market Activity
During the last week:
New Listings – 1961
Back On Market – 324
Price Increase – 101
Price Decrease – 2468
Pending – 1456
Withdrawn – 227
Closed – 1160
Expired – 229
Two weeks ago:
New Listings – 2078
Back On Market – 329
Price Increase – 159
Price Decrease – 2261
Pending – 1450
Withdrawn – 203
Closed – 1131
Expired – 245
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Based on data from REColorado®
Trends in Metro Denver
- Home Prices
- How Long It Takes to Sell a Home
- Prices Per Square Foot
- Showings Until Pending
- Active Listings
- New Listings
- Closings
Real Estate News
Mortgage Rates Back Above 7% to Start New Week
Housing market seeks Fed rate cut relief as sales, new building slump
Gen Z and millennial investors are embracing crypto, real estate, and private equity along with stocks
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