denver real estate - by owner - craigslist (2024)

FAQs

What is the median home price in Denver? ›

Denver, CO housing market

The median listing home price in Denver, CO was $614.9K in April 2024, trending down -3.2% year-over-year. The median listing home price per square foot was $399. The median home sold price was $600K.

In recent years, Colorado real estate prices have sky rocketed, making it one of the most expensive markets in the country. There are a number of factors that have contributed to this trend, including population growth and limited housing availability.

Colorado's tax structure also contributes to its high cost of living. The state has a flat income tax rate, which means that all residents, regardless of income, pay the same percentage of their income in taxes. Additionally, property taxes and sales taxes can add a significant amount to residents' annual expenses.

Limited supply makes housing more expensive. And Colorado needs to build more houses. According to Up for Growth, a group dedicated to increasing housing affordability through construction, Colorado had a shortage of 127,000 housing units in 2019. This was the second-largest deficit, following California.

Zillow is predicting Denver metro home values will drop 1.3% this year, while Colorado Springs home values will be down 0.6%. Nationally, Zillow is calling for home values to remain flat. Realtor.com predicts Denver is in store for a larger 5.1% decline in prices and a 15.3% drop in sales from a weak 2023.

Ranking as the most expensive was Boulder, with median existing home prices in this metro area of $833,622.

Colorado is the eighteenth most expensive state to live in, with a cost of living index of 104.6.

Recent reports have shown that the Denver real estate market in 2024 could be more friendly toward home buyers. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers.

What is the cheapest place to live in Colorado? ›

According to their findings, Colorado's most affluent town is Cherry Hills Village!

Cherry Creek is the quintessential luxury neighborhood in Denver. Recognized for its elite shopping district and posh dining, Cherry Creek has everything a home buyer could want from a neighborhood.

Temperate year-round weather, friendly people, and a never-ending list of outdoor experiences are all great reasons to move to Denver. But like any other city experiencing rapid growth, you'll have to deal with some growing pains. Here are 10 pros and cons of moving to the Mile High City for you to consider.

Denver's position as the largest city in a mineral-rich and fossil fuel-rich area leads mining and energy companies to maintain offices in the metro area. In the early days of the city, gold and silver booms and busts played a large role in the economic success of the city.

Median household income in Denver, CO is $85,853. In 2022, the place with the highest median household income in Denver, CO was Census Tract 32.03 with a value of $250,001, followed by Census Tract 43.03 and Census Tract 34.02, with respective values of $250,001 and $220,724.

More specifically, Denver ranks at number 16 and Boulder sits at number 23. For those curious, the top five most expensive cities in order are San Diego, Los Angeles, Honolulu, Miami, FL and Santa Barbara.

The cost of living in Denver, CO is 4% higher than the state average and 11% higher than the national average. Denver, CO housing is 31% more expensive than the U.S average, while utilities are about 16% less pricey.