First Integrity Title Market Report

Cherry Hills Village, CO

Single-Family Homes

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Cherry Hills Village, CO

Wed Oct 04 2023
This week the median list price for Cherry Hills Village, CO is $4,985,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 21. Click here to stay informed with the Cherry Hills Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Cherry Hills Village, CO

Wed Oct 04 2023
This week the median list price for Cherry Hills Village, CO is $4,985,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has increased to 21. Click here to stay informed with the Cherry Hills Village market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Cherry Hills Village market.
Median List Price $4,985,000
Median Price of New Listings $4,467,500
Per Square Foot $586
Average Days on Market 83
Median Days on Market 35
Price Decreased 24%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent
Market Action 41
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$13,950,000 14,481 2.5 - 5 acres 5 8.5 17 0 0 308
$6,480,000 12,392 1 - 2.5 acres 6 8 18 0 0 35
$3,950,000 8,338 1 - 2.5 acres 5 6 23 2 0 7
$2,287,500 4,154 0.25 - 0.5 acre 4 3.5 48 0 1 24