Denver, CO 80238 Real Estate Market Report

ZIP Code: 80238
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

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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.

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Key Findings

1. The primary market value signal is the median sold price of 774,950, which represents recent transaction-level pricing and should be prioritized over asking prices when valuing properties in this ZIP code; use representative recent sale pricing when setting offers or comps.

2. Seller expectations remain higher than transacted values: the median listing price of 800,000 sits above the median sold price, which may indicate pricing friction between list and transaction levels and suggests sellers may need to price more competitively to align with closing outcomes; flat to cautious pricing gap.

3. Liquidity appears muted with a median days on market of 203, which points to slower sales velocity and extended marketing timelines; this may indicate buyers are taking more time to transact and sellers should plan for longer carrying periods and staging/improvement investments; slower sales velocity.

4. Market context is broadly neutral on pricing but shows softness elsewhere: the reported price year-over-year trend is flat, market temperature is neutral, rent year-over-year trend is down with a median market rent of 2,900, and interest rate pressure is elevated — together these signals suggest stable sold-price levels but softer rental demand and higher financing headwinds that could constrain buyer activity; balanced pricing with external headwinds.

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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 80238 Real Estate Market Report

ZIP Code: 80238
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

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.

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Key Findings

1. The primary indicator of market value is the median sold price of $379,950, which positions recent transaction activity below asking expectations given a median listing price of $424,950; this gap suggests pricing friction where sellers may need to align expectations to completed sales.

2. Liquidity appears slow: the median days on market of 362 points to extended time-to-sale and suggests slower sales velocity, while sample-level supply appears relatively constrained, which may temper downward price pressure despite longer listing durations.

3. Price momentum is subdued: the local price year-over-year trend is flat and the market temperature is neutral, indicating a balanced market that appears stable rather than accelerating or softening significantly.

4. Rental and financing context is headwind-heavy: the median market rent of $2,900 is accompanied by a rent year-over-year trend of down and interest rate pressure labeled elevated, which together suggest softening rental demand and financing challenges for buyers—price listings competitively and prepare for longer marketing windows.

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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.