If you are moving to the Denver metro area and want to buy a home, it’s best to start working with a real estate professional as soon a possible. The housing market in the Denver metro area is a sellers market, it’s very competitive and you will need someone on your side to work for you.
In 2021, The Denver metro housing market had a record breaking year, with over 64,000 closings. Yes, 64,000 homes sold! This is more than any previous year. With a flip of the calendar, the Denver housing market set another record, opening a new year with only 1,477 active listings. So, be prepared to place an aggressive offer, as homes are going for over asking price, receiving multiple offers and the current average closing price is $705,753.
According to the Zillow Home Value Index, the typical home value in the United States is $316,368 using data through November 2021. However, the home value index in Denver is $580,000. There are other areas in the Denver metro areas that have higher values:
- Parker, Colorado $695,534
- Columbine Valley, Colorado $1,451,274
- Castle Rock, Colorado $657,041
- Genesee, Colorado $1,129,180
- Franktown, Colorado $545,888