How much is my Denver home worth?

Your Denver home is likely worth around $589,000, which is the typical price for homes in the area right now. However, home prices have seen a small drop compared to last year. Across the Denver area, the median listing price is $589,000. This number went up slightly by 0.3% from the previous month but is down 1.8% compared to the same time last year. This suggests a bit of cooling in the market overall. You might also notice that the average listing price is higher at $781,414, but that’s also down 2.3% from last year. This difference can come from a few very expensive homes skewing the average. Homes in Denver are currently spending about 43 days on the market before they get an offer, which is about 13.2% longer than last year. This longer time on market suggests it's taking a bit more patience to sell a home compared to recently. Around 25.5% of homes have also lowered their asking price, though this is slightly less common than last year. For you, this means it's a good idea to price your home competitively from the start. Look at similar homes in your specific neighborhood that have sold recently to get the best sense of what buyers are willing to pay.

Your Denver home's value is part of a local market where the typical listing price is around $589,000 right now. This amount has held pretty steady recently, inching up just 0.3% from the prior month. However, it's a bit lower, down 1.8%, compared to this time last year. Homes are taking a little longer to sell. The typical home stays on the market for 43 days, which is about 13% longer than last year. You also see that sellers are cutting prices less often. The share of homes that have had their price reduced is 25.5%, which is nearly 4% fewer than last year. This suggests that sellers might be more confident in their initial pricing. While the market has fewer homes available, with active listings down 7.2% year-over-year, there are also fewer new homes popping up for sale, a drop of 2.6% over the past year. Given these numbers, setting a competitive and realistic price from the start is important to attract buyers in a market where homes are taking a bit longer to sell.