Cherry Hills Village, CO
Real Estate Market Report
Last Update: March, 24, 2026
Latest available housing data: February 2026
Cherry Hills Village, CO, Real Estate Market Snapshot
Latest Available Data:
February 2026
Active inventory:
29
Closed sales:
6
Median $/sq ft:
$454.7
Median DOM:
117
Median sale price:
$2,205,000
Months of supply: 4.2
Market posture:
Seller-leaning
Cherry Hills Village Real Estate Market Overview (March 2026)
The Cherry Hills Village real estate market is entering the year in a phase of price recalibration, where increasing inventory and improving transaction activity are occurring alongside downward pressure on pricing across the luxury segment.
Inventory has risen notably compared to both last month and last year, introducing more availability into what has traditionally been a highly constrained market. While overall supply remains limited in absolute terms, the recent increase provides buyers with more options and a greater ability to evaluate properties across the market.
At the same time, transaction volume has increased modestly on both a month-over-month and year-over-year basis, indicating that demand remains present. Buyers are still engaging in the market, but with a more measured and selective approach, particularly at higher price points.
Pricing trends, however, reflect a more significant shift. Both median sale price and price per square foot have declined meaningfully compared to last year, suggesting a broader adjustment in how luxury properties are being valued in the current environment.
Days on market have improved slightly in the short term but remain elevated compared to historical norms. This indicates that while some properties are beginning to move more efficiently, overall transaction timelines are still extended relative to prior periods.
With approximately 4.2 months of supply, the Cherry Hills Village housing market continues to lean toward sellers, though conditions are gradually becoming more balanced as inventory increases.
Overall, the Cherry Hills Village real estate market is defined by active demand within a repricing environment. Buyers are engaged but increasingly value-driven, while sellers who align pricing and presentation with current conditions are still achieving successful outcomes. This Cherry Hills Village real estate market report reflects current housing trends, pricing behavior, and supply conditions shaping the local market.
From our perspective, Cherry Hills Village is currently experiencing a pricing reset within a still-desirable luxury market, where demand remains intact, but expectations around value have shifted.
If you’re evaluating opportunities in Cherry Hills Village, we can walk you through how these trends apply to specific properties and neighborhoods.
Inventory Trends
Active Listings: 29
Month-over-month change: +31.8%
Year-over-year change: +11.5%
6-month average: 27
Current trend: Increasing
Inventory in Cherry Hills Village has increased meaningfully compared to both last month and last year, and now sits slightly above recent averages.
While total supply remains limited in absolute terms, this rise increases availability in a historically constrained luxury market.
This added inventory is contributing to a more balanced environment, giving buyers a greater ability to compare properties and evaluate value.
Sales Activity
Closed Sales (Monthly): 6
Month-over-month change:
+20.0%
Year-over-year change: +20.0%
6-month average: 7
Current trend: Increasing
Transaction volume has increased modestly compared to both last month and the same period last year, indicating continued buyer engagement.
Although total sales remain relatively low given the market's size and price point, the upward trend suggests that demand remains present and responsive.
Price Per Square Foot
Median Price Per Sq Ft: $454.7
Month-over-month change: -18.5%
Year-over-year change: -23.7%
6-month average: $527
Current trend: Decreasing
Price per square foot has declined significantly compared to both last month and last year, reflecting downward pressure on pricing across the luxury segment.
This trend suggests a recalibration in how properties are being valued, particularly as buyers become more selective and value-conscious.
Days on Market
Median Days on Market: 117
Month-over-month change: -18.8%
Year-over-year change: +42.7%
6-month average: 70
Current trend:
Improving, but Elevated
Homes are beginning to sell more quickly than last month, but remain on the market longer than a year ago.
This indicates that while buyer engagement is improving in the short term, overall transaction timelines remain longer than historical norms.
Median Sales Price
Median Sale Price: $2,205,000
Month-over-month change: -7.5%
Year-over-year change: -26.1%
6-month average: $3,185,667
Current trend: Decreasing
Median sale price has declined significantly compared with both last month and last year, reflecting a notable shift in market pricing.
Rather than indicating a lack of demand, this trend suggests that buyers are placing greater emphasis on value and alignment, particularly at higher price points.
Housing Supply
Months of Supply: 4.2
Market posture:
Seller-leaning
Method: Inventory divided by 6-month average monthly sales
Supply levels indicate a market that continues to lean toward sellers, though conditions are becoming more balanced as inventory increases.
While demand remains present, the rise in available properties is giving buyers more flexibility and negotiating power than in previous periods.
What This Means for Buyers
For buyers entering the Cherry Hills Village real estate market, current conditions present a more opportunity-driven environment than in prior years.
Inventory has increased, providing more options and allowing buyers to evaluate properties more carefully. At the same time, pricing adjustments may create opportunities to enter the market at more favorable levels, particularly in segments where properties are not fully aligned with buyer expectations.
However, demand remains active, and well-positioned homes continue to attract attention. Buyers who understand the nuances of value within the market and remain prepared to act when the right opportunity arises will be best positioned to succeed.
What This Means for Sellers
For sellers, the Cherry Hills Village housing market remains active, but expectations must be aligned with current conditions.
While demand remains, pricing has become a more critical factor in determining outcomes. Properties that are priced accurately and positioned effectively continue to sell, while those misaligned with market expectations may experience extended time on the market.
The increase in inventory introduces more competition, making it important for sellers to understand how their property compares within the broader landscape.
Sellers who approach the market with a clear strategy and realistic expectations are best positioned to achieve strong results.
Data Methodology
Market statistics are compiled from publicly available housing market datasets, including regional housing reports and aggregated market data, and reflect the most recent available monthly data. Because housing market reporting often lags by several weeks, the most recent month shown typically represents activity from the previous reporting cycle.
Cherry Hills Village Luxury Real Estate Market FAQs
Is Cherry Hills Village currently a buyer’s or seller’s market?
Cherry Hills Village is currently a seller-leaning market, with approximately 4.2 months of supply. However, increasing inventory is creating more balance and giving buyers additional flexibility.
Are home prices rising in Cherry Hills Village?
Home prices have declined both month-over-month and year-over-year, reflecting a broader pricing adjustment across the luxury market.
When is the busiest time for the Cherry Hills Village housing market?
The market is typically most active in the spring and early summer, when inventory increases, and buyer activity accelerates.
What types of homes are most competitive in Cherry Hills Village?
Homes with strong location, privacy, high-end finishes, and modern updates tend to attract the most attention and command higher prices.
