CO · Metro #19

Denver - CO housing market

The Denver metro has a typical home value of $575,130, down 3.1% from a year ago. Homes are moving fast at 14 days on market - a strong seller's market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$575,130
-3.1% vs. year ago
Median sale price
$578,313
-1.0% YoY
Median list price
$575,650
Sale-to-list ratio
98.7%
Selling below ask
Days on market
14d
Listings w/ price cut
28.0%
New listings / mo
4,910
-2.1% YoY
Homes for sale
12,880
+4.2% YoY
Typical rent
$1,887/mo
-1.6% YoY
Context

How to read this data

The typical home value ($575,130) is the Zillow Home Value Index for the Denver - CO metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 3.1% over the past year. A home worth $593,529 last year is now worth roughly $575,130.

The median sale price , what homes actually close for , is $578,313. Homes are selling at 98.7% of list price, meaning buyers have room to negotiate.

Homes listed in Denver - CO sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 28.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 4,910 new listings hit the market each month in Denver - CO. There are currently 12,880 homes for sale, up 4.2% from a year ago.

The typical monthly rent in Denver - CO is $1,887, down 1.6% year over year. For investors, the price-to-rent ratio here is roughly 25x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in CO

MetroHome value1-yr changeDays on market
Colorado Springs - CO$457,324 -2.0% 23.0d
Fort Collins - CO$556,811 -1.6% 28.0d
Boulder - CO$728,816 -2.9% 23.0d
Greeley - CO$497,596 -2.6% 32.0d
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