What is the median home price in Denver?

The median home price in Denver is $569,900 right now. This price reflects a slight decrease compared to recent months and last year. This means half the homes for sale are above this price, and half are below it.

The median home price in the Denver-Aurora-Centennial area is $569,900 right now. This is the midpoint price, meaning half the homes cost more and half cost less. It helps give a good sense of typical home values in the area. This median price is slightly lower than it was a month ago, by 0.9%. Looking back a year, it's down by 4.9%. This shows prices have softened a bit over both the short and longer term. More homes are on the market compared to a year ago, with active listings up 6.7% to 13,365. However, fewer new homes are being put up for sale, down 5.9% to 4,198 listings. This means buyers have more choices overall, even if fewer brand-new options appear. Homes are taking a little longer to sell than they did last year, staying on the market for a median of 58 days, which is 4.2% less time than before. Plus, nearly one-third of homes (32.1%) have had their prices reduced. This suggests buyers have more negotiation power. If you're looking to buy, the current trend of slightly lower prices and more homes to choose from could be a good sign. If selling, be prepared for more competition and possibly a longer time to find a buyer.