Denver, CO 80204 Real Estate Market Report

ZIP Code: 80204
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Denver, CO (ZIP: 80204) market is currently experiencing a shift, with the median sold price at $599,900 reflecting a slight decrease in market value. This indicates a cooling trend as the neighborhood has decreased 8% since 2022. The market is normalizing from a previously hot seller's environment to a more balanced state, favoring buyers slightly. The elevated inventory levels and increased median days on market, now at 263 days, suggest a slower sales velocity and a more cautious approach from buyers and sellers alike.

Despite the downward pressure on prices, the market remains supported by positive job prospects, which may indicate continued fundamental demand. The median listing price stands at $600,000, revealing a small gap between asking and sold prices, which could suggest some pricing friction as sellers adjust to the current market conditions. Overall, the market temperature is neutral, indicating a balanced environment where neither buyers nor sellers hold a distinct advantage.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Denver market around 6.54% are slightly lower than the average 6.81% seen earlier in 2026, presenting a marginal cost advantage for recent borrowers.

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

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Key Findings

1. The median sold price of $599,900 indicates a decrease in market value, reflecting a cooling trend since 2022.

2. With 263 days on market, the extended time frames suggest slower sales velocity and a shift towards a more balanced market.

3. The median listing price of $600,000 shows a minor gap compared to sold prices, indicating potential pricing friction as sellers adjust expectations.

4. Elevated inventory levels relative to sales activity suggest excess supply, impacting market dynamics.

5. The market temperature remains neutral, indicating a balanced environment for both buyers and sellers.

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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.