Altos Market Data for Realtors
Denver, CO
Single-Family Homes
Schedule a demo today at AltosResearch.com
Denver, CO
Thu May 16 2024
This week the median list price for Denver, CO is $825,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 1,057.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $825,000 | |
| Median Price of New Listings | $724,950 | |
| Per Square Foot | $412 | |
| Average Days on Market | 68 | |
| Median Days on Market | 28 | |
| Price Decreased | 47% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 1,057 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,230,000 | 4,650 | 4,500 - 6,500 sqft | 5 | 4.5 | 15 | 33 | 16 | 42 |
| $1,030,000 | 2,588 | 4,500 - 6,500 sqft | 4 | 3 | 75 | 52 | 38 | 17 |
| $684,500 | 2,022 | 4,500 - 6,500 sqft | 3 | 2 | 69 | 56 | 40 | 14 |
| $485,000 | 1,312 | 6,500 - 8,000 sqft | 3 | 1.5 | 70 | 71 | 48 | 14 |