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Featured local agent — Cherry Creek, CO
Sarah Mitchell
Compass Real Estate · Cherry Creek, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherry Creek, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$807,500median sale price
How is the Cherry Creek, CO housing market right now?
The median home sale price in Cherry Creek, CO is $807,500, down 1.5% year-over-year. Homes sell in an average of 32 days with 29 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherry Creek a buyer's or seller's market?
Cherry Creek, CO is currently a seller's market, based on 2.1 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
32
Average pace
Active listings
29
2.1 months supply
Sale-to-list
99.2%
Below asking
What does the Cherry Creek housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $807,500 |
| Median list price | $685,000 |
| Year-over-year price change | -1.5% |
| Average days on market | 32 days |
| Active inventory | 29 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $303/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 19 |
| Listings with a price cut | 51.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cherry Creek by property type?
How the Cherry Creek, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $979,900 | $298/sq ft | 10 | 13 days |
| Condo / Co-op | $315,000 | $314/sq ft | 4 | 76 days |
| Townhouse | $986,000 | $345/sq ft | 1 | 40 days |
Source: Redfin · Updated monthly
The Cherry Creek housing market is currently classified as a seller's market with a median sale price of $807,500. Prices have fallen 1.5% compared to last year, with homes spending an average of 32 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Cherry Creek
There are currently 29 homes listed for sale in Cherry Creek, Colorado. The median listing price is $685K.
Active listings
29
Homes on market
Median list price
$685K
Avg. days on market
32
Days until sale
New this week
19
Newly listed
Who lives in Cherry Creek?
Population
11,011
Median income
$147,618/yr
Median age
42.8 years
Owner-occupied
77.3%
College grads
75.1%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Cherry Creek?
Zillow home value
$880,778
Zillow rent index
$1,918/mo
Price-to-rent ratio
38.3x
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Cherry Creek?
Cherry Creek is a community of approximately 11K residents with a median age of 42.8 years.The median household income is $147,618, which reflects a relatively affluent area with strong earning potential. 75.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 77.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cherry Creek offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cherry Creek, CO?
Want a head-to-head view? Compare Cherry Creek side-by-side with any other U.S. city using our market-comparison tool.
Is Cherry Creek a good real estate investment market?
For investors evaluating Cherry Creek, the price-to-rent ratio of 38.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cherry Creek's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cherry Creek's median home price.
Frequently asked questions
What is the average home price in Cherry Creek?
The median home sale price in Cherry Creek is $807,500, down 1.5% from last year.
How long do homes stay on market in Cherry Creek?
Homes typically spend 32 days on market before going under contract.
What is the median income in Cherry Creek?
The median household income is $147,618 per year.
Is Cherry Creek a buyer's or seller's market?
With 2.1 months of supply, Cherry Creek is currently a seller's market.
What is the Zillow home value estimate for Cherry Creek?
The Zillow Home Value Index (ZHVI) for Cherry Creek is $880,778, representing the typical home value in the area.
What is the median condo price in Cherry Creek?
The median condo/co-op sale price in Cherry Creek, CO is $315,000, compared to $979,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cherry Creek?
The median single-family home price in Cherry Creek, CO is $979,900 (about $298 per square foot).
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