The typical Applewood home closed at $900,188 in August 2026, almost exactly where it sat a year earlier, while well priced listings went under contract in a median of four days, the fastest August in the neighborhood’s recorded data.
Applewood’s August numbers are in, and they tell two stories at once. The middle of the market barely moved. The typical home sold for $900,188, up all of $188 from August 2025. That is as close to flat as a year over year figure gets, and after three years of watching this pocket of Jefferson County swing around, flat is worth paying attention to.
The second story is speed. Homes that were priced correctly did not sit. The median time on the MLS was four days, down from seventeen days last August and the quickest August since this data series begins in 2023. At the same time, sellers accepted a median of 97.1 percent of list price, the softest August on record here. Fast and full price are not the same thing, and in August they came apart.
All figures below come from REcolorado MLS data for the Applewood area, single family homes only, covering August 2026. Neighborhood data runs on a lag, so August is the most recent complete month available. It is also a small market. Twenty one homes closed in Applewood in August, which is enough to see a trend but few enough that one or two unusual sales can move an average considerably. That distinction matters more this month than most.
What Applewood Homes Actually Sold For in August
The median closed price in Applewood was $900,188 in August 2026, against $900,000 in August 2025. A year of movement produced a difference of less than one tenth of one percent.
Underneath that stability, volume thinned out. Twenty one homes closed in August, down from thirty one a year earlier, a drop of roughly a third. Twenty three new listings came to market versus twenty nine last August, and twenty four homes went under contract compared with twenty seven. Fewer homes are changing hands in Applewood than a year ago, across every stage of the pipeline.
Steady pricing on lighter volume is what a balanced neighborhood looks like. Sellers are not cutting to move inventory, and buyers are not bidding prices up. For a neighborhood whose monthly median has bounced between $683,000 and $1,200,000 since 2023, a genuinely flat year reads as the market finding a level rather than losing momentum.
Why the Average Price Jumped and the Median Did Not
Here is where a market update can mislead if you only read one number. While the median closed price was flat, the average closed price in Applewood was $1,200,819 in August, up 17.5 percent from $1,021,629 a year earlier.
Those two figures moved in opposite directions, and that is a signal about which homes sold, not a signal about what homes are worth. The median describes the house in the middle of the pack. The average gets pulled by the extremes. When the average climbs sharply and the median does not follow, it almost always means a handful of larger or higher end properties closed that month and dragged the arithmetic upward.
With only twenty one closings, it takes very few such sales to do it. Applewood has real range, from mid century ranches on the Wheat Ridge side to custom homes on larger lots closer to Golden, and in a thin month the mix swings the average hard.
The practical takeaway is that Applewood home values did not appreciate 17.5 percent this year. The typical home is flat. If a valuation, an ad, or an automated estimate quotes you the average and calls it appreciation, check the median before you believe it.
Well Priced Homes Moved Faster Than in Any Recent August
Speed was the standout metric. The median time on the MLS in Applewood was four days in August, compared with seventeen days in August 2025 and seven days in July. That is the fastest August in the series.
The average tells a different story, at thirty days. That gap between a four day median and a thirty day average is the clearest evidence of a split market. Roughly half of Applewood’s August sellers were under contract inside of a week. A smaller group sat for weeks, and those listings pulled the average up.
Showing activity supports the same read. Listings averaged 9.2 showings each in August, up from 8.2 a year ago, so buyer traffic is healthy. But it took a median of fifteen showings to reach a contract, up from eleven last August. Buyers are looking more and committing more slowly, which fits a market where they can be selective.
Inventory Is the Tightest It Has Been in Two Years
Applewood had thirty six active listings at the end of August, down 40 percent from sixty a year earlier. Months supply, which estimates how long it would take to sell every listed home at the current pace, sat at 1.7 months against 2.7 months last August.
Anything under about three months is generally considered a seller’s market, and 1.7 is well inside it. It is also the lowest August reading since 2023. The constraint is not demand falling away, it is homes not coming to market. New listings were down about a fifth from last August.
That scarcity is what keeps prices steady even as closings decline. There is not enough standing inventory in Applewood for buyers to negotiate broadly, which is why the median held at $900,000 rather than slipping.
What This Means for Applewood Buyers and Sellers
The most useful thing in this month’s data is not the price. It is the four day median paired with a 97.1 percent median close to list ratio, the softest August on record here. Buyers are moving quickly on homes they consider correctly priced, and negotiating on the ones they do not.
- Sellers: pricing accuracy is doing the work right now, not marketing time. A well priced Applewood home is finding a buyer in under a week.
- Sellers testing a high number: expect the thirty day average, not the four day median, and expect to negotiate from there.
- Buyers: with 1.7 months of supply, be ready to act on the right house, but note that closing below list is more common this year than last.
- Anyone tracking value: use the median. The average is distorted by a thin, uneven month.
Jason Sirois, a Denver Realtor with FORM at Compass Denver, lives in Applewood and watches this data every month. If you are weighing a move, the useful conversation is about where your specific home sits in that split, not about the neighborhood average. You can also compare August against last month’s Applewood update for the shorter term trend.
Frequently Asked Questions
Is the Applewood housing market slowing down?
Sales volume is slowing, but pricing is not. Twenty one homes closed in August 2026 versus thirty one a year earlier, a drop of about a third. The median price, however, was essentially unchanged at $900,188. Fewer transactions at steady prices is a thinner market, not a falling one.
Why did the average Applewood sale price jump when the median did not?
Because a few high end homes closed. The average rose 17.5 percent to $1,200,819 while the median stayed flat at $900,188. With only twenty one sales in the month, a small number of large transactions pulls the average up without reflecting any change in what a typical Applewood home is worth.
How fast are homes selling in Applewood right now?
The median home spent four days on the MLS in August 2026, down from seventeen days a year earlier and the fastest August in the data series. The average was thirty days, which reflects a smaller group of listings that sat considerably longer.
How much inventory is there in Applewood?
Applewood had thirty six active listings and 1.7 months of supply in August 2026, compared with sixty listings and 2.7 months a year earlier. That is the tightest August inventory since 2023 and sits firmly in seller’s market territory.
Are Applewood sellers still getting their asking price?
Mostly, but less than before. The median home closed at 97.1 percent of list price in August, down from 100 percent in August 2025 and the lowest August figure in the series. Sellers are still doing well, but buyers are negotiating more than they were a year ago.
Is now a good time to sell a home in Applewood?
Conditions favor sellers who price accurately. Low inventory and a four day median time on market mean a correctly priced home moves quickly. The risk is overpricing, since the close to list ratio shows buyers will negotiate on homes that linger.
Where does Applewood market data come from?
These figures come from REcolorado, the MLS serving the Denver metro, filtered to single family homes in the Applewood area of Jefferson County. Applewood is served by Jeffco Public Schools and sits between Wheat Ridge and Golden.
This article is provided for general information only and is not tax, legal, or financial advice. Real estate data reflects the Applewood area and may not describe any individual property. For guidance on your specific situation, consult a qualified professional.
