Denver, CO 80223 Real Estate Market Report

ZIP Code: 80223
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 median sold price in Denver, CO (ZIP: 80223) stands at $510,000, reflecting a stable market with no significant year-over-year price changes. This stability suggests that while buyers may be cautious, the market is not experiencing drastic declines, indicating a balanced phase in pricing dynamics. The current market conditions are characterized by elevated inventory levels, which may indicate a slower sales velocity as buyers navigate through a larger selection of properties.

The median days on market is notably high at 238 days, suggesting that properties are taking longer to sell, which may contribute to the perception of excess supply relative to sales activity. Despite elevated interest rates, which are currently around 6.09%, buyer activity appears to be showing early signs of confidence, potentially leading to a more active spring market. However, the rental market is experiencing a downturn, with a median market rent of $2,449, reflecting a softening trend due to increased supply in rental properties.

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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 average around 6.09% as of February 2026, which is 0.78% lower than the 6.87% average from one year prior, presenting a cost opportunity for refinancing.

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 $510,000 indicates a stable market with no significant year-over-year price fluctuations, suggesting flat pricing dynamics.

2. With 238 days as the median days on market, properties are experiencing slower sales velocity, indicating elevated inventory relative to sales activity.

3. The median market rent of $2,449 reflects a down trend, suggesting a softening rental market due to increased supply.

4. Current interest rates at 6.09% present a cost opportunity for refinancing, which may encourage buyer activity despite elevated rates.

5. The market temperature is described as neutral, indicating balanced conditions between 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.