Entire REcolorado MLS · January 2023 to July 2026
Denver prices are flat. Unless you own a condo.
The headline median barely moved in three and a half years. Underneath it, three property types went three different directions, and two of them peaked two years apart. Drag across the chart to find your month.
Three markets, one headline
Tap a card to show or hide a line. Move across the chart to read any month.
Median closed price, rolling 12 months. Each point is a twelve month figure, not a single month snapshot, so turning points appear later here than on a month over month chart.
They peaked two years apart
This is the part the blended number erases completely. Condos topped out and started falling while single family homes were still climbing.
Peak is the highest rolling 12 month median in this window, and the percentage is the move from that peak to July 2026.
And the condo decline is speeding up
Change in median condominium closed price within each calendar year. Bars are scaled against a 4% reference. Each year is steeper than the one before it.
The part that surprises people
Put another way: the median condo was 60.3% of the median single family home in January 2023. Today it is 55.7%.
What to do with this
If you own a condo
- Do not price against the citywide headline. It is describing a market you are not in.
- Your segment is down 7.4% and the slope has been getting steeper, so time on market costs you more than it costs a house seller.
- HOA financials, reserve studies and any pending special assessment now move your price as much as your finishes do. Have them ready before you list, not after an offer.
If you are buying one
- You have real negotiating room in this segment that does not exist in single family.
- Read the HOA budget, the reserve study and the last two years of minutes before you remove your deadline. That is where the surprises live.
- Check whether the building is warrantable. Financing, not taste, is what has been thinning the buyer pool.
Common questions
Are Denver condo prices going down in 2026?
Yes. Median closed price for condominiums went from $367,000 in January 2023 to $340,000 in July 2026, down 7.4%. Over the same period single family homes moved +0.2%. The overall market median, which blends all three property types, was roughly flat, which is why the condo decline is easy to miss.
Why does the overall Denver median look flat if condos are falling?
Because the overall median blends single family homes, townhomes and condominiums into one number, and single family is the largest share of sales. A flat blended median can hide a sizeable decline in one segment.
When did Denver condos peak?
Condominiums peaked in February 2023 at $368,000. Single family homes did not peak until February 2025. Condos were falling for roughly two years while single family prices were still rising.
Is now a good time to buy a Denver condo?
The decline has been getting steeper, not flatter: 2024 -1.1%, 2025 -3.1%, 2026 -2.6%. That is a reason to negotiate hard on price and to look closely at HOA financials, reserves and any special assessments, not a reason to avoid the segment outright.
Does a cheaper condo make it easier to move up to a house later?
The opposite, so far. The dollar gap between the median condo and the median single family home widened from $242,000 to $270,000. Condo equity is buying less house than it did three years ago.
Every month, all three
| Month | Single family | Townhouse | Condominium | Condo as % of house |
|---|---|---|---|---|
| January 2023 | $609,000 | $450,000 | $367,000 | 60.3% |
| February 2023 | $605,000 | $451,000 | $368,000 | 60.8% |
| March 2023 | $601,000 | $450,000 | $365,000 | 60.7% |
| April 2023 | $600,000 | $449,900 | $365,000 | 60.8% |
| May 2023 | $599,000 | $450,000 | $361,200 | 60.3% |
| June 2023 | $595,000 | $444,851 | $360,000 | 60.5% |
| July 2023 | $595,000 | $443,363 | $360,000 | 60.5% |
| August 2023 | $595,000 | $445,000 | $360,000 | 60.5% |
| September 2023 | $596,900 | $447,000 | $360,000 | 60.3% |
| October 2023 | $599,000 | $449,970 | $363,500 | 60.7% |
| November 2023 | $600,000 | $450,000 | $362,750 | 60.5% |
| December 2023 | $600,000 | $450,000 | $363,000 | 60.5% |
| January 2024 | $600,000 | $445,000 | $364,000 | 60.7% |
| February 2024 | $600,000 | $449,035 | $362,000 | 60.3% |
| March 2024 | $604,925 | $452,000 | $364,500 | 60.3% |
| April 2024 | $606,246 | $455,000 | $364,900 | 60.2% |
| May 2024 | $610,000 | $458,409 | $365,000 | 59.8% |
| June 2024 | $610,000 | $460,000 | $365,000 | 59.8% |
| July 2024 | $610,000 | $460,000 | $364,000 | 59.7% |
| August 2024 | $610,000 | $460,000 | $362,500 | 59.4% |
| September 2024 | $610,000 | $460,000 | $361,168 | 59.2% |
| October 2024 | $610,000 | $460,000 | $360,000 | 59.0% |
| November 2024 | $610,000 | $461,072 | $360,000 | 59.0% |
| December 2024 | $612,000 | $460,800 | $360,000 | 58.8% |
| January 2025 | $613,000 | $462,250 | $360,000 | 58.7% |
| February 2025 | $615,000 | $462,000 | $360,000 | 58.5% |
| March 2025 | $615,000 | $460,000 | $360,000 | 58.5% |
| April 2025 | $615,000 | $460,000 | $358,500 | 58.3% |
| May 2025 | $615,000 | $459,900 | $355,000 | 57.7% |
| June 2025 | $615,000 | $458,250 | $355,000 | 57.7% |
| July 2025 | $614,500 | $457,850 | $350,000 | 57.0% |
| August 2025 | $615,000 | $455,000 | $350,000 | 56.9% |
| September 2025 | $615,000 | $455,000 | $350,000 | 56.9% |
| October 2025 | $615,000 | $455,990 | $350,000 | 56.9% |
| November 2025 | $614,000 | $452,990 | $349,900 | 57.0% |
| December 2025 | $610,000 | $450,000 | $349,000 | 57.2% |
| January 2026 | $610,000 | $450,000 | $349,000 | 57.2% |
| February 2026 | $610,000 | $450,000 | $345,000 | 56.6% |
| March 2026 | $610,000 | $450,000 | $345,000 | 56.6% |
| April 2026 | $609,900 | $450,000 | $345,000 | 56.6% |
| May 2026 | $610,000 | $450,000 | $342,400 | 56.1% |
| June 2026 | $610,000 | $449,000 | $340,000 | 55.7% |
| July 2026 | $610,000 | $445,000 | $340,000 | 55.7% |
Source and required notices
Based on information from REcolorado®, Inc. for the period January 2023 through July 2026.
Not all properties were listed and/or closed by Company.
This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market.
Analysis and commentary by Robert An, Broker Associate, Colorado License #100084328, Homesy5280 | Compass, 4643 S Ulster St, Suite 500, Denver, CO 80237. Published August 01, 2026.
Condo or house is not really a price question
It is a question about what you are buying into: the HOA, the financing, the resale pool, and how long you plan to stay. Worth twenty minutes before you narrow your search, not after.
Talk it through before you search
Robert An, Broker Associate, Compass
303-529-1213 · robert@homesy5280.com