How much down payment do I need in Denver?

To buy a home at the current median listing price in Denver, which is about $569,900, a typical 20% down payment would be around $113,980. However, you could put down less, such as $56,990 for a 10% down payment or even $28,495 for 5%. The amount you need really depends on your loan type and financial situation. Right now, homes in the Denver area have a median listing price of $569,900. This price has dipped slightly by almost 1% from the previous month and is down nearly 5% compared to this time last year. This small decrease could mean a little less upfront cost for you. There are 13,365 homes actively listed, which is over 6% more than a year ago. This means more choices are available to you as a buyer. However, new homes coming onto the market have decreased by almost 6% compared to last year. Homes are currently staying on the market for an average of 58 days before they are sold, which is a bit quicker than last year. Also, about 32% of homes have had their prices reduced, a slight increase from last year, suggesting some wiggle room for negotiations. What this means for you as a buyer is that while home prices have seen a small dip, you have more options to choose from than a year ago. It’s a good idea to research different loan options to see what down payment percentage works best for your budget.