A 1.7% Shift Is Not a Signal to Panic

We were recently working in the 80911 zip code. Here is what the data told us.

Across 1,099 closed sales of single-family dwellings spanning June 2024 through May 2026, the median sale price in 80911 moved from $381,500 to $375,000 — a decline of $6,500, or 1.7 percent. The average sale price moved from $385,002 to $374,822.

Those numbers are real. They are also modest.

A 1.7 percent shift in median sale price over two years, across nearly 1,100 transactions, is within the range of normal market variation. It does not indicate a distressed market. It does not indicate a collapse in values. What it indicates is a market that is adjusting — modestly, and broadly.

The adjustment is visible across cohorts. Homes built in the 2000s saw the most pressure, with median price declining from $438,900 to $406,000. Homes built in the 2010s followed, from $459,500 to $440,000. The older housing stock — the Pre-1970 cohort, which represents the largest segment of the market with nearly 375 transactions across both periods — held near-flat, declining from $350,000 to $345,000. One cohort, homes built in the 1990s, saw a modest price increase from $402,500 to $410,000.

The per-foot data tells a similar story. Median price per above-grade square foot declined from $297.70 to $293.39 — a $4.31 difference. Median price per total finished square foot moved from $218.05 to $211.84. These are measurable declines, but they are not large ones.

Days on market increased as well, from a median of 19 days to 27 days, and the share of homes taking more than 30 days to sell grew from 39 percent to 48 percent. The market is slower. It is not broken.

For buyers, a modestly declining market at this price point means more negotiating room and more time to make decisions than the market offered two years ago. For sellers, pricing to current data — not to the peak — is what produces results. For anyone involved in a transaction requiring a current value opinion, the data in 80911 supports a measured, well-supported conclusion: values have adjusted slightly, and the market remains active.

Data source: elevateMLS. ©2026 REALTOR® Services Corp. All rights reserved. Based on information from the REALTOR® Services Corp (“RSC”) for the period 06/01/2024–05/31/2026. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.

— Heatherstone Appraisal Group

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