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Front Range Real Estate Market Update, November 7, 2024

Home prices increased last month. They were higher than the month before and a year before. That’s most likely because interest rates dipped in September, leading to more buyer activity and then more closings in October. 

Our local market in October:

Residential – Detached and Attached Homes

Average Closed Price: $708,072
+4.93% month-over-month
+3.70% year-over-year

Median Closed Price: $599,975
+4.34% month-over-month
+3.27% year-over-year

Active Listings at the End of the Month: 10,940
-1.57% month-over-month
+46.22% year-over-year

Closed Homes: 3,443
+2.35% month-over-month
+7.96% year-over-year

Average Days in MLS: 44
+10.00% month-over-month
+37.50% year-over-year

Detached Homes

Average Closed Price: $778,443
+3.97% month-over-month
+1.42% year-over-year

Median Closed Price: $650,000
+3.18% month-over-month
+0.78% year-over-year

Active Listings at the End of the Month: 7,453
-2.52% month-over-month
+40.92% year-over-year

Closed Homes: 2,670
+5.99% month-over-month
+19.14% year-over-year

Average Days in MLS: 43
+13.16% month-over-month
+34.38% year-over-year

Attached Homes

Average Closed Price: $465,005
+2.33% month-over-month
-3.66% year-over-year

Median Closed Price: $401,000
-0.99% month-over-month
-5.46% year-over-year

Active Listings at the End of the Month: 3,487
+0.52% month-over-month
+59.01% year-over-year

Closed Homes: 773
-8.52% month-over-month
-18.46% year-over-year

Average Days in MLS: 46
-2.13% month-over-month
+39.39% year-over-year

What's happening to home values NEAR YOU?

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JUST LISTED
998 E 167th Avenue Thornton, CO 80602

Gorgeous home in the fantastic North Creek Farms neighborhood.
3 Bedrooms | 3 Bathrooms | 3,284 SQ FT | 3-Car Garage
Take a video tour, view floorplans and get complete details about this home.

What's happening to home values NEAR YOU?

Get monthly home value updates with your powerful new RealScout account. See your home's value today and stay on top of what's happening near you.

Click Here

Metro Denver Real Estate Market Activity

During the last week:
New Listings – 1082
Back On Market – 296
Price Increase – 445
Price Decrease – 1549
Pending – 1097
Withdrawn – 279
Closed – 1259
Expired – 836

Two weeks ago:
New Listings – 1121
Back On Market – 281
Price Increase – 67
Price Decrease – 1860
Pending – 1104
Withdrawn – 237
Closed – 1091
Expired – 353

Based on data from REColorado®

“Throughout the entire purchasing process, David was helpful, knowledgeable and available to answer any questions that arose. We felt extremely comfortable with him and trusted his expertise. Above all, it was apparent how excited David was to help us through the process and ensure we had an exceptional first-time home buying experience. David was extremely available; there was a point when we were both travelling away from Colorado, but were able to communicate normally. He also made every effort to make sure that we understood each step in the process, and answered any questions we had.”
– Michael H. and Anya F., Lafayette

See what other clients have to say about the services we provide.