Is Denver Heights, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denver Heights is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Denver Heights was a Seller's Market.

Key Takeaway

Denver Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Denver Heights, TX

How much do homes in Denver Heights, TX cost?

Median Sold Price

$260,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$23,500(-8.3%)

Key Takeaway

Homes in Denver Heights have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in Denver Heights was $260,000 in May 2024, down 8.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $150K$165K
+10.0%
2 $199K$130K
-34.7%
3 $311.9K$274.9K
-11.9%
4 $432.5K$263.9K
-39.0%
5+ $670K$655K
-2.2%

Summary: Denver Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 34.7%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 39%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Neighborhoods

Lavaca
-5.5%
Denver Heights
-8.3%
Dignowity Hill
-13.5%

Housing Supply in Denver Heights, TX

How many homes are available in Denver Heights, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4658+26.1%

Summary: The Denver Heights real estate market had 58 homes for sale in May 2024, a 26.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 1416
+14.3%
3 2532
+28.0%
4 46
+50.0%
5+ 00
0.0%

Summary: The Denver Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denver Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Denver Heights in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Denver Heights, TX

How long does it take to sell a home in Denver Heights, TX?

Average Sale Time

May 2023May 2024CHANGE
60 Days39 Days-34.4%

Summary: Homes in Denver Heights had an average of 39 days on market in May 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Denver Heights are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Denver Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Denver Heights, TX

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