Denver Housing Market: Trends & Prices (2025)
Denver Real Estate Market Overview
(Last Updated – 4/2025)
Situated at the foot of the Rocky Mountains, the mile high city of Denver has become one of the fastest growing cities in the United States—with the population recently topping over 716,500 people. The Denver climate offers mild winters and warm summers, giving the city bragging rights for having about 245 days of sunshine a year. Alongside plenty of sunny days, Denver has had one of the hottest real estate markets in the country over the past few years.
It’s no wonder people love Denver; with over 250 parks in the city and 14,000 acres of parks nearby, it is an outdoors lovers’ paradise. As the 19th largest city in the country, Denver has a walkability score of 61/100, a transit score of 45/100, and a bike score of 72/100 (it’s the 6th most bike-friendly city in the U.S.).
Denver’s cost of living is 8.6% higher than the national average, with housing expenses in particular being 30.0% higher than the national average. Denver is 153 square miles, and the population has grown in the past 15 years, although that seems to be leveling off. Keep reading to gain insight into the Denver real estate market, including average home price, market forecast, and more.
Recommended: Cost of Living in Colorado (2025)
Overall Denver Market Trends
Home values in Denver went down by 1.2% in February 2025 compared to last year, but Denver is still considered a somewhat competitive housing market.
Typical homes in the area usually sell for 1% below list price and go pending in around 45 days. Highly sought after homes sell for around the list price and normally go pending in only around seven days.
$620,000
Median Home Price
$364
Median Sale Price Per Square Foot
45 days
Median Time on Market
Denver Housing Market Forecast
The Denver housing market has seen high growth over the past five years, but this has flattened out since its peak in 2022. The Denver market has a history of being considered one of the best long-term real estate investments, which has created affordability problems for interested buyers.
Demographics of the Denver Market
Denver is a unique city with a mix of different residents. It is a highly educated city and considered the seventh healthiest city in the country — which should come as no surprise considering the number of parks to explore. Here are some fast facts about the demographics of Denver.
Median Household Income: $94,157
Median Age: 35
College Educated: 57.9%
Homeowners: 49.1%
Married: 40.69%
Popular Denver Neighborhoods
Denver has 78 different neighborhoods that boast different unique offerings, meaning there is more likely to be an ideal neighborhood waiting for you. Here are a few of the most popular neighborhoods to purchase a home in Denver.
Capitol Hill
Capitol Hill, the most populated Denver neighborhood, happens to perfectly combine history with modernity. For foodies, there are a ton of hip new restaurants and bars to choose from. Parking is notoriously tough in this area, but luckily, “Cap Hill” is the most walkable neighborhood in all of Denver.
Quick Facts
Population:
12,174
Median Age:
34
Housing Units:
8,984
Bike Score
96/100
Walk Score:
94/100
Transit Score:
60/100
Median Household Income:
$78,790
Capitol Hill Housing Market
Capitol Hill home values increased by 3.1% as of March 2025 compared to last year. The market here is considered somewhat competitive.
Some homes in Capitol Hill receive multiple offers and go pending in around 82 days. The most desirable homes in the neighborhood can go to pending in just 17 days.
Median Sale Price
$384,000
Median Sale Price Per Sq. Ft.
$370
Washington Park
This neighborhood is south of Capitol Hill, and known for its major attraction: a huge greenspace named Washington Park. But even in a city known for its outdoors spaces, living in Washington Park won’t come cheaply. It has become a popular neighborhood, and home prices have soared.
Quick Facts
Population:
10,355
Median Age:
36
Housing Units:
5,858
Bike Score:
80/100
Walk Score:
61/100
Transit Score:
42/100
Median Household Income:
$110,159
Washington Park Housing Market
Washington Park home is considered a very competitive housing market. Average home prices rose by 50.6% as of March 2025 compared to last year, but they remain much more expensive than the overall Denver average.
In this very competitive housing market, many homes receive multiple offers. Homes sell on average within 15 days. The most desirable homes can sell for around list price and go pending in just 3 days on the market.
Median Sale Price
$2,075,000
Median Sale Price Per Sq. Ft.
$664
Cherry Creek
If you like to avoid driving, then Cherry Creek may be the walkable neighborhood for you. This area is known for being both pedestrian- and bike-friendly, with plenty of opportunities to literally “run” errands if you so wish. It’s also a very family-friendly area, with over 200 licensed child care spots to choose from.
Quick Facts
Population:
8,044
Median Age:
37
Housing Units:
4,579
Bike Score:
82/100
Walk Score:
81/100
Transit Score:
45/100
Median Household Income:
$110,504
Cherry Creek Housing Market
Cherry Creek is one of the more high-ticketed neighborhoods in Denver. The value of homes in Cherry Creek was up 0.5%, as of March 2025, compared to last year.
In this somewhat competitive housing market, homes in the area typically go pending in around 19 days and sell for about 2% below list price. Hot homes sell for around list price, and go pending in around three days.
Median Sale Price
$1,612,500
Median Sale Price Per Sq. Ft.
$500
Park Hill
East of downtown Denver and adjacent to the lush City Park, Park Hill is bordered by East Colfax Avenue to the south, Quebec Street to the east, and Colorado Boulevard to the west, and stretches over I-70 to the north. The area’s rich history is evident in a diverse mix of residents and architectural styles. An abundance of green spaces in parkways help keep the neighborhood cool and shady through hot summers. In fact, notable landscape architect Fredrick Law Olmstead was the designer behind the 17th Avenue Parkway in the neighborhood.
Quick Facts
Population:
27,187
Median Age:
38
Housing Units:
2,425
Bike Score:
80/100
Walk Score:
64/100
Transit Score:
45/100
Median Household Income:
$101,961
Park Hill Housing Market
This is a very competitive market, even for fast-moving Denver. Many homes in Park Hill get multiple offers, some with waived contingencies. Average homes go to pending in 19 days, but the most desirable ones can go in as fast as five days.
Median Sale Price
$600,000
Median Sale Price Per Sq. Ft.
$511
Downtown / Lower Downtown (LoDo)
As the third most walkable neighborhood in Denver, you’ll surely get plenty of exercise in the Downtown neighborhood. This is a populous area of Denver, with over 18,233 residents calling this neighborhood home.
There is plenty to do and see in Downtown, as there are over 650 restaurants, bars, and coffee shops to choose from. On average, you can walk to nearly 40 of these establishments in just five minutes.
Quick Facts
Population:
18,233
Median Age:
34
Housing Units:
11,749
Bike Score:
93/100
Walk Score:
89/100
Transit Score:
83/100
Median Household Income:
$110,372
Downtown/Lower Downtown Housing Market
Downtown Denver is a somewhat competitive housing market. Homes typically go pending within 19 to 38 days, for around list price or 3% below price.
Median Sale Price
$529,500
Median Sale Price Per Sq. Ft.
$548
SoFi Home Loans
It’s easy to see why Denver has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after. If you think Denver could be your home sweet home, then you may need to consider your home loan options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Are house prices dropping in Denver?
House prices in some of the most desirable neighborhoods in Denver are not dropping, but you may be able to get a house in your budget if you make an offer at or near the listing price. Many housing markets in the city have cooled, making them less competitive, and many houses have sold at or near the listing price in the last year.
Is now a good time to buy in Denver?
Denver home prices are leveling off after a peak in summer 2022. This year could be a good time to buy, as many homes are selling at or near listing price. In some neighborhoods, sale prices have even gone down from previous years.
How much do you need to make to afford a house in Denver?
Your necessary income in Denver could depend on how expensive a home you want to buy, but generally a six-figure income is needed for the most desirable neighborhoods in the city.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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