Denver, CO 80223 Real Estate Market Report

ZIP Code: 80223
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the Denver, CO (ZIP: 80223) market reflects a median sold price of $502,450, indicating a down trend year-over-year. This price point serves as a critical indicator of market value and transaction activity, suggesting that the neighborhood has decreased 8% since 2022. The current market conditions exhibit elevated inventory levels, with a median days on market of 277, indicating slower sales velocity and a potential shift in buyer sentiment as they gain more negotiating power amidst a backdrop of slightly lower interest rates.

The market temperature is currently classified as neutral, suggesting a balance between buyer and seller expectations. However, the median listing price of $490,000 indicates a notable gap between asking prices and actual sold prices, which may create pricing friction as buyers navigate their options. Overall, the market appears to be stabilizing, though recent month-over-month appreciation hints at potential recovery amidst ongoing adjustments in inventory and buyer demand.

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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 6.54% are slightly lower than the 6.65% average seen one year ago in March 2025.

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 $502,450 reflects a down trend, indicating that the neighborhood has decreased 8% since 2022.

2. With a median days on market of 277, the market shows signs of slower sales velocity, suggesting that properties are taking longer to sell.

3. The median listing price of $490,000 presents a gap compared to the sold price, indicating potential pricing friction in the market.

4. Current market temperature is neutral, suggesting a balanced environment between buyers and sellers.

5. Rental markets are notably soft, with median market rent at $2,449, reflecting a down trend in rental performance.

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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.