Denver, CO 80204 Real Estate Market Report

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

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Executive Overview

As of February 2026, the Denver, CO (ZIP: 80204) market is characterized by a median sold price of $599,000, reflecting a modest adjustment in values as the area has experienced a decrease in prices year-over-year. This price trend suggests a shift towards a more balanced market, where buyer expectations may be aligning more closely with actual transaction values. The median listing price stands at $612,500, indicating a notable gap that could create pricing friction as sellers adjust to the current market conditions.

Market activity shows median days on market at 202, signaling a slower sales velocity and elevated inventory levels. This prolonged time frame for sales may indicate a cooling market, yet the underlying economic strength in the region suggests that a significant downturn is unlikely. With strong rental demand reflected in a median market rent of $1,856, the rental sector remains robust, even as rent growth moderates. Overall, the market appears to be stabilizing, with neutral temperature conditions and elevated interest rate pressure influencing buyer behavior.

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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 Denver, CO, around 6.0% to 6.4% are slightly higher than recent averages seen in February 2026, suggesting property owners locked in marginally better terms.

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. $599,000 is the median sold price, indicating a decrease in year-over-year pricing.

2. $612,500 is the median listing price, suggesting a notable gap between seller expectations and market reality.

3. Homes are taking an average of 202 days on market, reflecting a slower sales velocity in the current environment.

4. The market temperature is currently neutral, indicating a balanced state between buyers and sellers.

5. With a median market rent of $1,856, rental demand remains strong despite moderating rent growth.

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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.