Denver, CO Real Estate Market

Sellers in 80209 are in a strong position, with homes closing well above the median list price of $1,230,000 and reaching a median sale price of $1,699,000. The short median days on market of 24 days suggests that well-priced listings are attracting offers quickly in this competitive market.

Buyers should be prepared to act decisively in 80209, where the median sale price of $1,699,000 is outpacing list prices and the market temperature sits at a high 79 out of 100. At a price per square foot of $526.11 and with only 221 active listings available, options are limited and competition is real.

The gap between the median rent of $1,500 and the median sale price of $1,699,000 points to a low gross yield on single family purchases, making cash flow a challenge for traditional rental investors in this zip code. However, the 301 rental units in inventory and strong price appreciation signals suggest that longer term equity plays may still hold merit for investors with patient capital.

The current 30-year fixed mortgage rate of 6% and 15-year rate of 5.43% remain meaningful factors when evaluating affordability on a median sale price of $1,699,000. Buyers who can qualify for a 15-year mortgage at 5.43% will save significantly on interest over the life of the loan, though the higher monthly payment requires careful budgeting at this price point.