Denver CO Real Estate - Denver CO Homes For Sale | Zillow (2024)

FAQs

Are real estate prices dropping in Denver? ›

Denver Home Prices

The median close prices experienced a slight decline of 0.41 percent month-over-month. The attached properties segment showed a median close price of $407,250, reflecting a 2.8 percent decrease month-over-month and a 4.18 percent decline year-over-year.

The months from March to June are the best time to buy a house in Colorado. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Denver's median sale price is 33% higher than the national average. Overall cost of living in Denver is 10% higher than the national average. Learn which home features in Denver add value to a home.

An MLS listing provides you with maximum exposure and competitive offers. Houzeo.com is the fastest way to list on your local Denver MLS. FSBO websites empower you to sell your home yourself without the hassle of any real estate agents. Most FSBO homes sell in just 2 weeks.

Denver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

At the same time, metro Denver doesn't have enough houses to meet buyer demand. According to an analysis from Zillow, metro Denver has an estimated 70,197 “missing households” in 2022, about 500 more than in the prior year.

The median sale price of a starter home in Denver is $405,000. In order to afford this, first-time homebuyers in Denver should make $127,808 per year, up 5.6% from 2023. However, the median income in Denver is $110,552, meaning the typical resident cannot afford a starter home.

Average Home Prices: The average median home price in Colorado is $611,000, up by 6.3% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 98.5%, with a decline of 0.1 pt YoY compared to September 2022.

Denver Country Club

With a median home price of $2,949,082 and a median rent of $1,481, Denver Country Club is the most expensive neighborhood on our list. Based on the growth in home prices in Denver Country Club over the last 3 years, it ranks No. 1 among all the neighborhoods in Denver.

How much is the average house in Denver? ›

Denver, CO housing market

The median listing home price in Denver, CO was $600K in June 2024, trending down -4.6% year-over-year. The median listing home price per square foot was $391. The median home sold price was $693.3K.

Limited supply makes housing more expensive. And Colorado needs to build more houses. According to Up for Growth, a group dedicated to increasing housing affordability through construction, Colorado had a shortage of 127,000 housing units in 2019. This was the second-largest deficit, following California.

Starter homes are typically smaller, more affordable properties perfect for first-time buyers or individuals looking to downsize. They often feature two to three bedrooms and one or two bathrooms. What makes starter homes sell quickly is their affordability and broad appeal to a wide range of buyers.

It turns out that homes with a view of the urban jungle sell the fastest—at just 83 days on the market. If you guessed that homes with ocean views would be most in demand, well, they sit on the market for 98 days on average.

One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, you detract prospective buyers and price out potential bidders. In addition, it may take longer to settle the negotiation process if prospective buyers want your price to come down.

Average Home Prices: The average median home price in Colorado is $611,000, up by 6.3% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 98.5%, with a decline of 0.1 pt YoY compared to September 2022.

Average Home Prices: The average median home price in Colorado is $591,400, up by 8.2% YoY. In 2024, the median sale price will keep increasing marginally due to CO's tight inventory. The sale-to-list price ratio is at 98.1%.

The median rent in Denver fell by 0.1% over the course of July, and has now decreased by a total of 1.4% over the past 12 months. Denver's rent growth over the past year has is similar to both the state (-0.9%) and national averages (-0.8%).

In Denver, the price for a house is down very slightly from 2022, from $648,187 to $642,294. Rent, however, is up slightly, from $1,809 in 2022 to 1,869 in 2023. However, overall, housing costs in Denver have not fluctuated that much since 2022, at least according to the index.