Denver, CO 80231 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

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.

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. The primary indicator of recent market value is the median sold price of 460,500, which suggests transactions are completing below the current asking framework where the median listing price is 575,000—this pricing gap may indicate pricing friction between seller expectations and recent sales in a market that is otherwise showing modest price strength.
2. Liquidity appears muted: the median days on market is 312, which points to slower sales velocity and suggests that sellers may need longer marketing periods to reach contract; combined with a neutral market temperature, this supports a balanced-to-slower transaction environment rather than a brisk market.
3. On per-unit economics, the median price per square foot is 320 while the median market rent is 1,360; with rent year-over-year trend listed as down, rental income trends are softening and may reduce investor yield expectations in the near term.
4. Macro and financing context raises caution: price year-over-year trend is up but interest rate pressure is elevated (local 30-year fixed mortgage conditions averaging approximately 6.4%), which may temper buyer affordability and sustain longer marketing times despite modest price appreciation.

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.