Colorado started 2024 with a total of 9,394 single-family homes on the market, with a median home price of $625,000 and an average price per square foot of $390.96. By the end of the year, inventory had increased to 13,597 homes on the market (+45%), with a median home price of $619,900 (-1%), and an average price per square foot of $396 (+1%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 84 days.
Colorado started the year with 33.37% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 39.20% of homes for sale had taken a price cut.
