Denver, Colorado started 2024 with a total of 649 single-family homes on the market, with a median home price of $700,000 and an average price per square foot of $407.06. By the end of the year, inventory had increased to 1,018 homes on the market (+57%), with a median home price of $680,450 (-3%), and an average price per square foot of $429 (+5%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 84 days.
Denver, Colorado started the year with 43.30% 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 56.48% of homes for sale had taken a price cut.
