Denver, CO 80209 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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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 market value and recent transaction activity center on a median sold price of 934,000, which indicates the representative recent sale level for SFR and condominium properties in 80209; up year-over-year price momentum supports modest upward pressure on realized values.
2. There is a large gap between the median listing price of 1,212,500 and the median sold price, which suggests pricing friction and that seller expectations may be above current transaction levels; this gap may indicate the need for sellers to adjust pricing or for buyers to exert greater negotiation leverage — pricing friction.
3. Slow liquidity characteristics are evident with a median days on market of 221, which points to slower sales velocity and extended marketing periods for many listings; this duration may indicate that buyers can be selective and that transactions may require concessions or time to close — slower sales velocity.
4. Market conditions are broadly balanced: the reported market temperature is neutral, rent trends are flat, and interest rate pressure is described as moderate with current 30-year fixed mortgage rates averaging approximately 6.69%, which together suggest measured buyer/seller negotiation rather than an extreme market shift — moderate macro pressure.

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.