CO · Metro #19

Denver - CO housing market

The Denver metro has a typical home value of $573,221, down 2.9% from a year ago. Homes are moving fast at 14 days on market - a strong seller's market. 31% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$573,221
-2.9% vs. year ago
Median sale price
$579,617
-1.0% YoY
Median list price
$581,150
Sale-to-list ratio
99.2%
Selling below ask
Days on market
14d
Listings w/ price cut
31.0%
New listings / mo
5,247
-9.2% YoY
Homes for sale
14,158
-1.5% YoY
Typical rent
$1,910/mo
-1.7% YoY
Context

How to read this data

The typical home value ($573,221) 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 2.9% over the past year. A home worth $590,341 last year is now worth roughly $573,221.

The median sale price , what homes actually close for , is $579,617. Homes are selling at 99.2% 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 31.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 5,247 new listings hit the market each month in Denver - CO. There are currently 14,158 homes for sale, down 1.5% from a year ago.

The typical monthly rent in Denver - CO is $1,910, down 1.7% 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$457,300 -1.9% 19.0d
Fort Collins - CO$556,500 -1.5% 16.0d
Boulder - CO$727,954 -2.6% 16.0d
Greeley - CO$497,279 -2.6% 19.0d
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