September Denver Metro Market Overview
Last month brought a more balanced housing market across the Denver metro, but conditions varied depending on property type.
Detached homes
Inventory rose compared to earlier in the year.
Buyers gained more choices and a stronger position for negotiation.
Homes are taking longer to go under contract, which means sellers need to focus on competitive pricing and standout presentation.
Attached homes (condos & townhomes)
Demand remained steady, particularly in central neighborhoods such as LoHi, Highlands, and Sloan’s Lake.
Buyers are facing more competition in these areas.
Sellers continue to benefit from strong, steady demand.
Overall, the metro market is stable, with buyers gaining leverage in detached homes and sellers maintaining an edge in the attached segment.
Neighborhood Deep Dive: Applewood & Wheat Ridge
While metro-wide numbers provide useful context, neighborhood-level data highlights how different the market can feel just a few miles apart.
34 closed sales in August
Median close price: $643,750
Average days on market: 28
Median list price: $675,000
Homes in Wheat Ridge are selling slightly below list price and taking close to a month to move. This environment gives buyers more breathing room and negotiating power. For sellers, pricing competitively and presenting homes well is critical to attract serious offers.
22 closed sales in August
Median close price: $900,000
Average days on market: 24
Median list price: $912,500
Applewood remains a premium submarket within the metro. Homes are selling close to list price and moving faster than in Wheat Ridge. For buyers, this means less room to negotiate and a need to act quickly. Sellers continue to enjoy strong positioning and can price with confidence.
These contrasts reinforce that while metro trends matter, the local story is often more telling when it comes to real estate strategy.
Key Takeaways for Buyers and Sellers
For Buyers
Detached homes across the metro—and especially in Wheat Ridge—may offer more flexibility and negotiating opportunities.
In Applewood and core Denver neighborhoods like LoHi, competition remains stronger and buyers should be prepared to move quickly.
For Sellers
Detached homes may take longer to sell, requiring realistic expectations and strong property presentation.
Sellers in Applewood are still well-positioned, while Wheat Ridge sellers may need to remain flexible on price.
Condo and townhome sellers in central neighborhoods continue to benefit from steady demand.
How Does Your Neighborhood Compare?
Every neighborhood tells its own story. If you would like to know how your neighborhood stacks up, reach out and we’ll be happy to pull the data and walk you through what it means for your buying or selling strategy.
