Denver, CO 80204 Real Estate Market Report

ZIP Code: 80204
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Key Findings

1. The primary market indicator, the median sold price of 599,999, indicates recent transaction-level value and should be prioritized over asking prices when valuing nearby SFR and condo listings; up year-over-year price momentum supports cautious price appreciation expectations.

2. There is a notable gap between the median listing price of 625,000 and the median sold price of 599,999, which may indicate pricing friction and greater seller flexibility as the market cools; this dynamic appears alongside neutral market temperature and longer selling timelines.

3. Liquidity signals are muted given the median days on market of 281, which suggests slower sales velocity and provides buyers more room to negotiate; combined with the dataset's inventory signals, expect elevated inventory relative to sales activity to prolong transaction timelines.

4. Macro pressure from financing is relevant: elevated interest rate pressure combined with a falling rent trend (down rent year-over-year) may reduce urgency for investor buyers and further moderate demand, even as prices show an up trend.

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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.

Denver, CO 80204 Real Estate Market Report

ZIP Code: 80204
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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.

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Key Findings

1. The primary recent transaction signal is the median sold price of 399,000, which represents the best single-value indicator of realized market value in the neighborhood and suggests pricing is stabilizing around that representative recent sale. neutral market temperature supports a balanced interpretation of that sale level.

2. There is a measurable gap between the median listing price of 419,900 and the median sold price of 399,000, which may indicate pricing friction or seller expectations above recent transaction levels and appears to give buyers modest negotiating leverage. balanced supply/demand

3. Liquidity appears slow relative to historical turnover given the median days on market of 392, which signals slower sales velocity and extended marketing periods even as the market shifts toward balance; this may extend time-to-contract and favors buyers in negotiations. down

4. Market fundamentals show mixed directional signals: price year-over-year trend is up while rent year-over-year trend is down, and interest rate pressure is elevated, which together suggest price support from sales activity even as rental demand softens and financing costs remain a headwind. elevated interest rate pressure

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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.