Denver, CO 80231 Real Estate Market Report

ZIP Code: 80231
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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 the Denver 80231 area are averaging approximately 6.4%, reflecting a stabilized market environment for property owners compared to earlier 2026 benchmarks.

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 primary indicator of market value and recent transactions is the median sold price of 549,000, which, when compared to the median listing price of 639,900, suggests a meaningful spread between asking and achieved values that may indicate seller pricing optimism relative to recent closed sales.

2. The market shows slower sales velocity with a median days on market of 288, which suggests longer negotiation windows and greater opportunity for buyers to secure concessions or contingencies.

3. Market balance appears neutral with a market temperature described as neutral and interest rate pressure at moderate; current 30‑year fixed mortgage rates averaging approximately 6.4% in the area support a cautious, balanced outlook for both buyers and sellers.

4. Rents are softening year-over-year with a rent year-over-year trend of down while the median market rent remains 1,437; this combination may constrain near-term rental upside and warrants close monitoring for landlords evaluating lease renewals or new acquisitions.

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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.

Denver, CO 80231 Real Estate Market Report

ZIP Code: 80231
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 80231 area are averaging approximately 6.4%, reflecting a stabilized market environment for property owners compared to earlier 2026 benchmarks.

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 neighborhood's representative recent sale point is $219,900 as the median sold price, which should be treated as the primary indicator of realized market value and recent transaction activity in 80231; given the data, this suggests pricing is modestly below asking levels in some cases. neutral

2. The median listing price is $225,000, indicating a narrow premium on asking versus realized sales that may create pricing friction and negotiation opportunities for buyers rather than wide market dislocation.

3. Extended time to transact is evident: the median days on market is 323, which points to slower sales velocity and suggests sellers may need to adjust expectations or offer concessions to achieve timely closings; this slower pace may also support more buyer negotiating leverage.

4. Broader market signals are mixed-to-soft: the price year-over-year trend is down, rent year-over-year trend is down, market temperature is neutral, and interest rate pressure is moderate, which together suggest a generally balanced market with downside risk and limited upside momentum for near-term appreciation.

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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.