Denver Home Prices Highest of Major Non-Coastal Cities

Denver home prices are consistently dropping as inventory increases, but they’re still the highest in the country outside of California and a few coastal cities, a new report on February stats shows.

According to data from Realtor.com, Denver has the highest jump in the country in homes listed for sale since 2019, at 81.9 percent, Realtor.com notes, with a 15.9 percent increase in active listings from February 2025 to February 2026. However, initial home prices are only seeing modest reductions despite the increased listings, with median home listing prices dropping just 1.3 percent year-over-year in February. In fact, Denver has the highest median home prices for a non-coastal city outside of California, at just under $565,000, data shows. (You can buy something that’s technically a house in Denver for $300,000 or less, but it won’t be pretty.)

“As the spring housing season approaches, the market remains in transition, with more homes available than in recent years, but a recovery that continues to plateau and diverge across regions and price tiers,” the Realor.com report says.

In Denver, part of that divergence may involve reducing prices after a higher first price to test the market. According to another Realtor.com report from February 20, Denver ranks among the top-ten in major metros for the highest percentage of home listings with repeated price reductions, with almost 16 percent of homes for sale undergoing at least three price cuts in January. The national average in that category is 10.7 percent, the report adds.

Repeated price cuts are often a sign of sellers slowly coming to terms with a dwindling market. In Denver’s case, this was also likely caused by low interest rates or “overinflated pricing fueled by pandemic moves by buyers from higher cost areas” during the COVID-19 pandemic, a real estate broker told Realtor.com.

Denver apartment prices are down on an annual basis as well, according to report from Zumper, with the median rent for one-bedrooms going for about 7.5 percent less per month in March of this year compared to the same month last year, and two-bedrooms dropping 3.9 percent. However, Denver still ranks as the third-most expensive rental market, Zumper data shows, with rent for both one- and two-bedroom apartments slightly increasing from February to March.