What Is the Cost to Sell a House in Colorado?
If you’re like most homeowners in the Centennial State, your house is likely the most valuable asset you own. When you decide to sell, it’s a big deal, and you’ll want to retain as much proceeds as possible. But how much does it cost to sell a house in Colorado?
In this post, we’ve researched the expenses you can expect to pay and gathered expert selling tips from a top-rated Colorado real estate agent.
Housing trends in Colorado
Colorado has seen an increase in active listings, but like most states, market conditions have kept many homebuyers and sellers at a stalemate. According to the Colorado Association of Realtors, the median statewide single-family home sales price is $599,000. In the Denver metro area, median home prices are somewhat higher at $637,000.
The average days on market — the time from listing a home to having a signed purchase contract — is about 42 days.
“The state of Colorado is pretty steady across the board right now,” explains Jenny Usaj, a top-performing real estate agent in the Denver market with more than 15 years of experience. “Days on the market have gone up a little bit, but in certain neighborhoods, we still see multiple offers.”
She says market activity can vary quite a bit in the state, depending on where your home is located. “We have some really beautiful resort areas up in Vale and Beaver Creek, and those certainly have their own rhythms and cadences outside the city.”
Let’s review some typical expense numbers so you know what to expect when selling a home in Colorado.
Start with a home value estimate
A good first step in estimating the cost of selling a house in Colorado is getting a home value estimate.
With values and markets changing so dramatically in recent years, even if you’re not selling right away, now is a good time to check your home’s value. You may be pleasantly surprised to see what it is worth.
You can request a preliminary online value estimate using HomeLight’s Home Value Estimator. This free automated valuation model (AVM) tool will use recent sales transactions, local market trends, and your home’s latest selling price to provide a ballpark value range for your property in under two minutes. Simply enter your address and answer a few questions to get started.
How much does it cost to sell a house in Colorado?
The initial answer to this question is, “It depends.” Based on current market data, which we’ll break down below, the cost to sell a home in Colorado could potentially be close to 12% of your home’s selling price.
If you sell your home for $600,000 — close to the median home value in Colorado — your seller costs might be around $72,000, based on the averages for each of the common expenses we’ll review below.
However, your out-of-pocket costs will depend on your situation and several variable factors, decisions, and preferences. Let’s take a look at what you need to consider when determining the cost to sell a house in Colorado.
