How much is my Denver home worth?

Really, only a professional appraiser can tell you what your specific Denver home is worth. However, I can share what homes like yours are listed for in the broader Denver-Aurora-Centennial area right now. The median price for homes currently on the market is $569,900. This is slightly down from the previous month, a dip of 0.9%, and also 4.9% lower than it was over the past year. Looking at all listings, the average price is $745,322, which is 5.0% lower than a year ago. Homes are listed at about $279 per square foot on average, a decrease of 3.1% compared to the past year. There are 13,365 active listings in the area, which is 6.7% more than over the past year. However, new listings coming onto the market have slowed down by 5.9% compared to the past year. Homes are staying on the market for 58 days, which is slightly faster than last year. About 32.1% of homes have had their prices lowered since being listed. This percentage has gone up by 1.3% over the past year. If you're thinking about selling, these numbers suggest that while more homes are available, prices have softened a bit recently. Setting the right price from the start will be key, as many sellers are needing to adjust their asking prices.

Based on the latest data for Denver, the median listing price for homes in the area is $574,900. This is a general guide, and your home’s specific value will depend on its unique features, condition, and location. This median price has seen a slight dip, down 0.8% from the prior month and 4.2% compared to last year. It suggests that home prices, on average, are a bit lower than they were recently. Homes are staying on the market for about 57 days right now, which is a bit quicker than this time last year. However, about 31.4% of homes have had a price reduction, showing that many sellers are adjusting their expectations. There are nearly 13,000 homes available for sale, which is a small increase from last year. More new homes are also coming onto the market, up 6.4% over the past year, giving buyers more choices. For you as a homeowner, understanding these trends can help you set a realistic asking price if you plan to sell. If you're buying, it means there are more options available and prices might be more negotiable.