Denver, CO 80238 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 neighborhood's primary market value indicator, the median sold price, is $608,000, which serves as the most reliable signal of recent transaction activity and market value in the ZIP code; representative recent sale supports pricing decisions.
2. There is a notable gap between $734,950 median listing price and $608,000 median sold price, which may indicate pricing friction as sellers are positioning above what buyers are transacting for and could suggest increased negotiation room for purchasers; flat price trend.
3. Liquidity appears tempered: the market shows a median days on market of 123, consistent with slower sales velocity and a measured pace of transactions that may lengthen listing timelines; slower sales velocity.
4. Market context is broadly neutral—price momentum is reported as flat, market temperature as neutral, rent trends are down, and interest rate pressure is moderate, collectively suggesting a balanced environment where buyer leverage is increasing as inventory conditions shift; balanced but watchful.

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.