Denver, CO 80204 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, the median sold price of $596,000, points to modest appreciation and establishes recent transaction value for the neighborhood; sellers’ asking positions (median listing price of $609,500) appear slightly stronger than final sales, which may indicate modest pricing friction rather than a large divergence. up
2. Long selling timelines, reflected by the median days on market of 255, suggest slower sales velocity and reduced liquidity relative to faster-moving submarkets; this pace may require sellers to allow more time for market exposure and for buyers to exercise greater patience. moderate
3. Price fundamentals remain firm on a per-unit basis with the median price per square foot of $454, and the price year-over-year trend is up, supporting cautious confidence for sellers who can price to recent comparables. neutral
4. Rental pressure is supportive for single-family owners, with the median market rent at $1,900 and rent year-over-year trend up, while financing conditions show moderate interest rate pressure and 30-year fixed rates averaging 6.7%, which may temper buyer purchasing power and keep some demand localized to well-priced listings.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.