Greenwood Village Real Estate & Homes for Sale

In December 2024, Greenwood Village home prices experienced a remarkable 49.8% increase compared to the previous year, with a median sale price of $1.6M. Homes took an average of 67 days to sell, significantly longer than the 37-day average from the prior year. Additionally, only 12 homes were sold in December, a decrease from 15 in the same month last year. This dramatic price surge, coupled with a longer time on the market and a slight dip in sales volume, suggests a shift toward a higher-end market with reduced buyer activity. The price increase may reflect limited inventory of luxury properties, changes in demand dynamics, or broader economic influences affecting affordability and buyer confidence.

Greenwood Village maintains a somewhat competitive real estate market, with homes typically selling in about 43 days and often for around 3% below the list price. Some properties receive multiple offers, with "hot" homes standing out by selling near the list price and going pending in as little as 8 days. This balance between steady activity and occasional competitive sales indicates a market where desirable properties can generate strong interest, while most transactions proceed at a more moderate pace.

In December 2024, Greenwood Village, CO, was a seller's market, meaning demand for homes exceeded the available inventory. This imbalance suggests strong competition among buyers, driving up prices and creating favorable conditions for sellers to maximize their returns in this high-demand market.