Denver, CO 80221 Real Estate Market Report

ZIP Code: 80221
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the median sold price in Denver, CO (ZIP: 80221) stands at $446,500, reflecting a market that has decreased 8% since 2022. This decline in home values indicates a shift in buyer sentiment and market dynamics, suggesting that potential buyers may be capitalizing on lower prices amid elevated inventory levels. The current median listing price is $539,949.50, which shows a significant gap between asking prices and actual sold prices, potentially leading to pricing friction as sellers adjust expectations to align with market realities.

The market is characterized by 188 days on market, indicating slower sales velocity and a more cautious approach from buyers. Elevated inventory levels suggest that supply is exceeding demand, contributing to a neutral market temperature. This environment may require sellers to be more flexible in negotiations as buyers have more options available, leading to a potential stabilization in home values if demand begins to pick up in the coming months.

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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

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.

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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 are averaging 6.38%, which is 0.16% higher than the average rate of 6.22% recorded last week.

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 is $446,500, indicating a significant gap from the median listing price of $539,949.50, which may lead to pricing friction as sellers adjust expectations.

2. With 188 days on market, the market is experiencing slower sales velocity, suggesting that buyers are taking their time to make decisions amidst elevated inventory levels.

3. The market temperature is currently neutral, reflecting a balance between supply and demand despite the excess supply relative to sales activity.

4. The median market rent is $2,449, which may indicate a stabilizing rental market with modest growth expected, providing potential opportunities for investors.

5. Interest rate pressure remains moderate, with current 30-year fixed mortgage rates averaging 6.38%, slightly higher than the previous week, which could impact buyer affordability.

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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.