Is Denver, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Denver has remained a Seller's Market.
Key Takeaway
Denver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denver, PA
How much do homes in Denver, PA cost?
Median Sold Price
$312,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Denver have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Denver was $312,000 in May 2024, up 11.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $272.5K | +21.1% |
| 3 Bedrooms | $280K | $300K | +7.1% |
| 4 Bedrooms | $328.7K | $402.5K | +22.4% |
| 5+ Bedrooms | $580K | $562.5K | -3.0% |
Summary: Denver housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Denver | $280K | $312K | +11.4% |
| East Cocalico Township | $287.5K | $319.6K | +11.2% |
| Stevens | $295K | $325K | +10.2% |
| West Cocalico Township | $321K | $349.9K | +9.0% |
Housing Supply in Denver, PA
How many homes are available in Denver, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Denver real estate market had 25 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Denver housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denver, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Denver in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Denver, PA
How long does it take to sell a home in Denver, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 12 Days | -51.5% |
Summary: Homes in Denver had an average of 12 days on market in May 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Denver are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Denver; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
