Denver, CO Housing Market: What to Expect in 2025?

Name: Denver, CO Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Denver Housing Market Overview

Denver's housing market is moderately competitive. The average home price has stabilized with a minimal 0.1% year-over-year decrease, now at $600,000. Properties stay on the market for 21 days before going under contract. 811 homes were sold this month, a 7.7% decrease from last year.

Denver's housing market offers diverse property options, from downtown lofts to historic bungalows. The city has experienced price stabilization after years of rapid growth. This creates an opportunity in a market known for long-term value. With proximity to the Rocky Mountains, vibrant urban districts, and outdoor recreation, Denver is a popular choice among buyers.

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Denver Housing Supply

Denver's robust job market and quality of life appeals to homebuyers. There are currently 2,643 homes for sale in Denver, CO, which is a substantial 46.4% increase from last year. 1,542 new listings have hit the market, so buyers have more inventory options. However, Denver has a supply period of 3.3 months, which leans in favor of sellers.

Housing availability in Denver follows seasonal patterns. More homes enter the market in spring and summer, as buyers aim to secure their dream properties before the year ends. Homes in popular areas like Washington Park, Highlands, and Cherry Creek maintain their appeal despite inventory growth. Before you make an offer, look for any negotiation points and request seller concessions when possible.

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Denver Housing Demand

The housing market in Denver shows mixed dynamics. 25.8% of homes sell above list price. Meanwhile, 40.3% of homes sell below asking price, a 3.7 percentage point increase from last year. However, the sale-to-list price ratio of 99% signals high competition in the market. Sellers typically receive close to the asking price, and buyers have little room for negotiation.

As a home seller, price your house accurately from the start, to avoid price drops in the future. With increasing inventory, you can expect some price negotiation, albeit the market currently favors sellers. To maximize your property's exposure, consider listing your home on the Colorado MLS. On the other hand, if you're buying houses on sale in Denver, the rise in inventory gives you more options to choose from.

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Strong
Buyer

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Balanced

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Denver Housing Market: When to Buy or Sell?

Denver's real estate market generally aligns with trends in the Colorado housing market, but with local variations. While the average cost of a house in Denver has stabilized, seasonal factors affect the timing of real estate transactions. When inventory peaks in summer, buyers benefit from more options. When winter approaches, the market typically slows temporarily before regaining momentum the next year.

With Denver's housing supply at 3.3 months, the market tilts towards sellers, but slowly approaches balance. This is slightly different from the broader US housing market, where the supply is balanced at 5-6 months. Buyers benefit when inventory is high, while sellers can stand out with competitive pricing and home staging. Understanding these trends helps you time your property purchase or sale in Denver. Monitor local employment growth for additional market insights.

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Frequently Asked Questions

How have Denver house prices changed over the past year?

The average house price in Denver has decreased minimally by 0.1% over the past year, and now sits at $600,000. To know your property's fair market value in the current market, you can use our free home value estimator.

What are Denver real estate market predictions for 2025?

Home prices in Denver should remain stable, with potential modest growth in the coming months. Demand is likely to adjust in tandem with increasing inventory levels. However, rising mortgage rates could affect affordability in this already expensive market.

What's the average home price in Denver?

The average price of a house in Denver varies by neighborhood and property features. Costs typically range from $352,250 for condos to $678,000 for single-family homes. If you want to buy a house here, find cheap homes for sale in Denver within your budget.

Is this a good time to buy a home in Denver, CO?

Make sure to check the current trends in housing prices and inventory in your city. Buyers can benefit from stabilizing prices and expanding inventory in today's market.

How is the housing market right now in Denver?

Properties stay longer on the market than this time last year. Price reductions occur more frequently across most neighborhoods. If you want to buy or sell in Denver, check the city's housing market trends for the best timing.

When will the Denver housing market crash?

Housing market forecasts for Denver suggest a crash remains unlikely. Home prices have already stabilized naturally. Steady demand should continue despite higher interest rates.

How to buy a home in Denver?

The steps to purchasing a house in Denver must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Denver, submit offers, secure loans, and complete the closing process.

How can I list my home for sale in Denver, CO?

You can list your home for sale with a Flat Fee MLS Colorado listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Denver?

The average mortgage rate for buyers fluctuates between 6.42% and 7.17%. It depends on the market and the borrower's credit score. Always check current rates with lenders before you apply for a loan.

What is the cost of living in Denver, Colorado?

The cost of living in Denver index is 10% above the national average. Housing expenses remain the largest contributor to costs, with a median price of $600,000. Utilities are reasonably-priced, despite seasonal temperature swings. Denver typically attracts young professionals and outdoor enthusiasts.

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