Denver, CO 80238 Real Estate Market Report

ZIP Code: 80238
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Denver, CO (ZIP: 80238) stands at $775,000, reflecting a stable market with modest price appreciation. This price point indicates a balanced demand and supply scenario, where the neighborhood has increased up since previous assessments. The market appears to be maintaining a steady pace, with a median days on market of 203, suggesting a slower sales velocity but not necessarily weak liquidity.

Current inventory levels are characterized by elevated supply relative to sales activity, indicating a potential for buyers to negotiate more favorable terms. The rental market also shows stability, with a median market rent of $3,270, which may suggest ongoing demand for rental properties in the area. Overall, the market temperature is neutral, reflecting a balanced environment where both buyers and sellers can find opportunities without significant pressure on pricing.

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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 80238 are approximately 6.25% compared to an average of 5.50% in early 2026.

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 is $775,000, indicating a stable market with modest appreciation.

2. With 203 days on market, the sales velocity is slower, suggesting potential pricing friction for sellers.

3. The median market rent is $3,270, reflecting a stable rental market with potential for modest growth.

4. Current inventory levels show elevated supply relative to sales activity, which may indicate opportunities for buyers.

5. The market temperature is neutral, suggesting balanced conditions for both buyers and sellers.

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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.