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The Denver housing market is showing clear signs of a shift towards balance in late 2025. According to recent data, the median listing price in September was $556,950, reflecting a moderate decrease from the previous month. This cooldown is accompanied by a 14.7% year-over-year increase in inventory and homes taking slightly longer to sell than at the same time last year. For both buyers and sellers, this indicates a move away from the extreme competition of recent years towards a more measured market environment.
In September, the typical price per square foot in Denver remained practically unchanged from August. This seasonal moderation is common, but the broader trend shows a market in transition. While the median listing price saw a modest dip to $556,950, it's important to view this in a national context. Across the U.S., the price per square foot decreased by 0.8% in the same period, meaning Denver's price changes were less pronounced than the national average. The following table compares key metrics between Denver and the national market for September:
| Metric | Denver, CO | U.S. National Average |
|---|---|---|
| Median Listing Price | $556,950 | $425,000 |
| Monthly Price Change | Moderate Decrease | -0.8% |
| Homes for Sale | 3,596 | 1,100,407 |
Yes, the number of homes for sale is rising, providing more options for buyers. There were 3,596 homes on the market in Denver in September. This represents a slight decrease of 0.2% from August but a significant 14.7% increase compared to September of the previous year. This growth in active listings is a key factor in the market's cooling pace. For context, national inventory rose by only 0.2% month-over-month, highlighting that Denver's inventory growth is outperforming many other regions.
The pace of sales has slowed compared to the frenetic activity of the last few years. In September, the average time on market (TOM) for a Denver home was 64 days. This is one day less than in August but 13 days longer than the same month last year. This extended marketing time gives buyers more breathing room for inspections and negotiations. Nationally, homes spent an average of 62 days on the market, showing Denver is aligning more closely with the national pace.
This data points to a crucial inflection point. For sellers, the era of instant, multiple-offer scenarios may be waning. Pricing a home correctly from the start is now more critical than ever, as overpriced homes will linger. For buyers, the increased inventory and longer TOM mean less pressure to waive contingencies and more opportunities to find a home that meets your needs. It is increasingly a market where well-priced, desirable properties will still sell, but the advantage is slowly balancing between both parties.
In summary, the Denver market is normalizing. Buyers are gaining more leverage with increased choice, while sellers must adopt more strategic pricing and marketing approaches. The key takeaway is to base your decisions on current, localized data and prepare for a more balanced transaction process.









