The Colorado Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Colorado

💡 Key Colorado housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $552,622[1]#5 of 50 states49.7% higher
Median Listing Price $619,950[2]#8 of 50 states35.1% higher
Median Sale Price $671,400[3]#4 of 50 states55.9% higher
30 Year Mortgage Rate 7.03%[4]#34 of 50 states0.8% higher
Median Days on Market 37[5]#15 of 50 states10.3% shorter
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🗺️ Buying a house in the Colorado real estate market

Colorado has an affordability score of 8.9, meaning it takes 8.9 years of the median household income ($75,231) to afford Colorado's median home sale price ($671,400). Because of this, we rank Colorado as the 6th least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $671,400[6]#4 of 50 states55.9% higher
30 Year Mortgage Rate 7.03%[7]#34 of 50 states0.8% higher
Median Household Income $75,231[8]#11 of 50 states16.6% higher
Affordability Ratio 8.9#45 of 50 states35.3% higher
Buyers Agent Commission 2.83%[9]#38 of 50 states5.8% higher
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Resources for Colorado home buyers

🗺️ Selling a house in the Colorado real estate market

According to our detailed survey of Colorado real estate agents, listing agents (those representing the seller) charge an average commission in Colorado of 2.8%, which is the 20th lowest in the United States. Buyers' agents charge an average commission of 2.83%, which is the 13th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $619,950[10]#8 of 50 states35.1% higher
Median Sale Price $671,400[11]#4 of 50 states55.9% higher
Median Days on Market 37[12]#15 of 50 states10.3% shorter
Buyer's Agent Commission 2.83%[13]#38 of 50 states5.8% higher
Listing Agent Commission 2.80%[14]#20 of 50 states2% lower
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Resources for Colorado home sellers

Moving to Colorado

According to our recent moving trends survey[15], Colorado is the 7th most desirable state to move to, with 16% of Americans indicating that they would choose to move there if money were no object. Likewise, 13% of survey respondents indicated that they would move to Denver among a choice of America's largest cities. Among medium-sized cities, 19% indicated that they would move to Colorado Springs.

Here's how Colorado cities rank in a number of our research studies.

StudyBest Colorado cityRank
Best Pizza Cities[16]Denverbest
Best Coffee Cities[17]Denver4th best
Best LGBTQ Cities[18]Denver5th best
Best Bike Cities[19]Denver8th best
Best Commuter Cities[20]Denver24th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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