Denver, CO 80223 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

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. 569,000 is the primary indicator of market value based on recent transactions — the neighborhood's median sold price points to stable realized pricing even as asking levels differ somewhat from sale outcomes, so rely on median sold price for valuation and comparables.
2. The gap between the 530,500 median listing price and the median sold price suggests pricing friction where sellers' expectations may be above recent transaction levels; this dynamic, combined with a neutral market temperature, appears to give buyers modest negotiation leverage.
3. With a 273 median days on market, sales velocity is slow relative to typical fast-turn markets; this extended time-to-contract suggests slower transaction volume and that liquidity may be cautious even though supply is relatively constrained in the analyzed sample.
4. Pricing density and rent context: the 457 median price per square foot alongside a 1,645 median market rent and a down rent year-over-year trend indicate that price per square foot remains high relative to rental income growth; moderate interest rate pressure (noted as moderate) and higher prevailing 30-year fixed rates may further temper investor appetite.

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.