Washington Park Homes For Sale
Washington Park, CO Housing Market Trends
The Washington Park housing market is highly competitive. Last month, the median home sale price reached $1.5M, marking a 10.6% increase from last year. The median price per square foot also rose 7.3%, now averaging $554.
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Market Overview
In June 2025, Washington Park’s housing market demonstrated strong price growth, with home prices rising 10.6% year-over-year to a median of $1.5M, reflecting sustained buyer demand in this desirable area. Homes are selling slightly faster, averaging 18 days on the market compared to 19 days last year, indicating continued competitiveness despite higher prices. However, sales volume declined, with 52 homes sold versus 59 last year, suggesting that limited inventory may be constraining overall transactions. Overall, the market remains competitive, with rising prices and quick sales driven by high demand.
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Market Competitiveness
Washington Park is very competitive, with homes typically selling in about 22 days and many receiving multiple offers, some with waived contingencies. On average, properties sell for around 2% below the list price, but hot homes can generate strong competition, often selling at or near asking price and going under contract in as little as 3 days. This fast-paced market reflects high demand and limited inventory, giving sellers a strong advantage when pricing their homes competitively.
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More Insights
Washington Park is a seller’s market in June 2025, meaning buyer demand exceeds the number of homes available, creating strong advantages for sellers. With limited inventory and high competition, well-priced homes are selling quickly, often attracting multiple offers and, in some cases, going under contract within days. Buyers face increased pressure to act fast and may need to submit competitive offers, sometimes with waived contingencies, to secure a property. Sellers, on the other hand, are in a favorable position to negotiate strong terms and potentially achieve higher sale prices.
Washington Park, CO Real Estate FAQs
Here are some of the most common questions our buyers and sellers are asking.
As of April 2023, the housing market in Washington Park has shown an upward trend. The median home price was up by 0.7% compared to last year, with homes selling for a median price of $1.5M. Homes in Washington Park typically stayed on the market for 13 days before selling, which is longer compared to the average of 5 days on the market last year. In terms of sales volume, there were 33 homes sold this April, which is a decrease from the 55 homes sold during the same period last year.
The housing market in Washington Park, CO is extremely competitive. Homes are typically on the market for only about 5 days before they sell. It's common for homes to receive multiple offers, and in some cases, buyers are even waiving contingencies. On average, homes are selling for around their list price and reach pending status in roughly 5 days. Particularly sought-after properties, or "hot homes", can sell for approximately 5% above the list price and may go pending in as little as 3 days.
Yes, Washington Park West, a neighborhood in Denver, Colorado, is often considered one of the best places to live in the state. It's home to a population of 10,051 and located in Denver County. Living in Washington Park West provides residents with a dense suburban feel, and most of the residents own their homes.
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Pricing and Sales Dynamics
As of July 2023, the Highlands Ranch housing market has seen a modest but positive growth in home prices. The median sale price for homes in the area was $675,000 last month, marking a 1.9% increase compared to the previous year. Additionally, the median sale price per square foot has also risen by 1.6%, now standing at $260.
While the pricing trends are encouraging, the sales data paints a more nuanced picture. A total of 132 homes were sold in July 2023, which is a decline from the 159 homes sold during the same period last year. Furthermore, homes are staying on the market for an average of 10 days, a slight increase from the 9-day average in the previous year.
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Competitive Landscape
The Highlands Ranch housing market is notably competitive, with homes typically selling in just 9 days. Many homes receive multiple offers, and some even waive contingencies to accelerate the sale process. On average, homes are selling at around their list price and go pending within approximately 9 days. For homes that generate significant interest—often termed "hot" homes—they can sell for about 1% above the list price and may go pending in as little as 4 days.
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Highlands Ranch Migration & Relocation Trends
Inbound and Outbound Migration
Between June and August 2023, migration patterns in Highlands Ranch were fairly balanced. About 35% of homebuyers were considering moving out of Highlands Ranch, while a majority of 65% were looking to stay within the metropolitan area.
On a national level, 2% of homebuyers were contemplating a move to Highlands Ranch from other metropolitan areas. Miami led the pack in this regard, followed by Colorado Springs and San Francisco.
Popular Relocation Destinations
For Highlands Ranch residents considering relocation, 65% still preferred to stay within the metropolitan area. Among those looking to move beyond the local region, Chicago emerged as the most popular destination, followed by Fort Collins and Breckenridge.
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Key Takeaways
The Highlands Ranch and Lone Tree real estate market is characterized by its competitive nature and stable pricing trends. While there has been a slight decrease in the number of homes sold and a minor increase in the time homes spend on the market, the demand remains strong. The area continues to attract a diverse range of homebuyers, both from within and outside the metropolitan region.
Understanding these market dynamics is crucial for anyone looking to make an informed real estate decision in Highlands Ranch and Lone Tree. As always, consulting with real estate professionals and conducting your own research are recommended steps for successfully navigating this competitive market.
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Get in Touch
4643 S Ulster St 5th Floor Denver CO 80237 110 5th Avenue 5th Floor New York NY 10011
Get in Touch
Get in Touch
4643 S Ulster St 5th Floor Denver CO 80237 110 5th Avenue 5th Floor New York NY 10011