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Centennial State News

Tuesday, November 5, 2024

Home prices increased in Cherry Creek during the second half of 2021

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The median sale price of a home sold in the second half of 2021 in Cherry Creek rose by $85,500 while total sales decreased by 18.6%, according to BlockShopper.com.

From July through December of 2021, there were 92 homes sold, with a median sale price of $717,500 - a 13.5% increase over the $632,000 median sale price for the same period of the previous year. There were 113 homes sold in Cherry Creek in the second half of 2020.

The median sales tax in Cherry Creek for the most recent year with available data, 2018, was $3,687, approximately 0.5% of the median home sale price for the second half of 2021.

The following table compares Cherry Creek to other Arapahoe County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Bow Mar38-62.5%$1,375,000$1,737,500-20.9%
Greenwood Village102195-47.7%$918,750$1,180,000-22.1%
Inverness151225%$820,000$524,00056.5%
Foxfield15-80%$780,000$777,6000.3%
Watkins5425%$748,000$705,7506%
Cherry Creek92113-18.6%$717,500$632,00013.5%
Bennett312-75%$665,000$567,50017.2%
Columbine2932-9.4%$625,000$358,75074.2%
Holly Hills352634.6%$590,000$546,194.788%
Centennial9461,135-16.7%$580,000$483,50020%
Littleton325449-27.6%$555,000$480,00015.6%

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