Colorado
Housing Market
The housing market in Colorado continues to evolve as home prices, sales, and inventory fluctuate. Houzeo's housing market report provides a comprehensive look at the shifting dynamics of supply and demand in Colorado. Our data delivers real-time insights to help you stay ahead of the trends and make well-informed decisions.
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MigrationColorado Housing Market Overview
As of January 2025, housing prices in Colorado have increased by 2.4% YoY, with the median home price reaching $606,800. This steady growth in home prices reflects the ongoing strength of the Colorado housing market. The number of homes sold also rose 8.9% YoY, indicating continued demand. 4,193 homes were sold in January 2025 compared to 3,860 last year.
Homes in Colorado now spend an average of 66 days on the market before going under contract. These key metrics provide insight into the current pace and affordability of the Colorado housing market.
What Does It Mean for Home Buyers and Sellers?
Homes in Colorado now spend an average of 66 days on the market before going under contract. These key metrics provide insight into the current pace and affordability of the Colorado housing market.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The 2.4% increase in home prices in Colorado and an 8.9% rise in homes sold offer more options and negotiation opportunities. With a median of 66 days on the market, you have extra time to assess properties and make well-informed decisions. Whether you're after a cozy home in Denver or a larger property in Colorado Springs, the current Colorado housing market conditions put you in a stronger position to find your ideal home.
- If You're a Seller: Although home prices are up 2.4% year-over-year, the increase in inventory and a median of 66 days on the market suggest more competition. With more homes available, selling may take longer, and you might need to adjust your expectations. Be ready to negotiate and consider offering concessions to attract buyers in this evolving market.
Median Sale Price
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Colorado
Colorado Housing Supply
Colorado's housing supply is keeping pace with the state's growing demand. In January 2025, there were 27,150 homes for sale, a 22.8% increase from last year. The number of newly listed homes rose by 20.3% to 8,051, offering more options for buyers. The housing market in Colorado has a balanced supply, with an average of 5 months of inventory. This means there is enough supply to meet the demand without overwhelming buyers or sellers.
What Does It Mean for Home Buyers and Sellers?
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The increased inventory gives you a stronger position to find a home that meets your needs. With more options available, you'll likely have more room to negotiate and a better chance of securing your dream home.
- If You're a Seller: Competition is growing as more homes hit the market. You'll need to be proactive with pricing and marketing your property to stand out. Although home prices are still rising, the increased supply means you'll need to be prepared to negotiate to attract offers.
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Colorado
Colorado Housing Demand
The percentage of homes selling above the list price is a strong indicator of housing demand. A higher percentage signals strong buyer competition and high demand, while a decline in this percentage suggests increased supply.
In January 2025, 17.0% of homes in Colorado sold above the list price, a slight decrease of 0.76 points YoY. Additionally, 27.4% of homes experienced price drops, up from 23.0% last year. The sale-to-list price ratio was 98.0%, down 0.052 points from the previous year.
What Does It Mean for Home Buyers and Sellers?
In January 2025, 17.0% of homes in Colorado sold above the list price, a slight decrease of 0.76 points YoY. Additionally, 27.4% of homes experienced price drops, up from 23.0% last year. The sale-to-list price ratio was 98.0%, down 0.052 points from the previous year.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The Colorado housing market offers more flexibility. With 27.4% of homes having price drops, there is less competition, making negotiating and finding a more affordable home easier.
- If You're a Seller: Patience is crucial, as only 17.0% of homes sell above the list price. Expect slower sales unless the Colorado real estate market heats up in spring or summer. Right now, the market leans more toward buyers, giving them negotiation power.
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Seller’s Market
Buyer: Supply exceeds demand, and homes stay listed on the market for longer, pushing sellers to offer concessions.
Is It a Buyer's or Seller's Market in Colorado?
As of January 2025, the Colorado housing market leans towards home buyers due to increased inventory and longer days on the market. Buyers have more options and negotiating power, as the number of homes for sale rose by 22.8% year-over-year.
However, while home prices are still up 2.4%, the number of price drops (27.4%) and a slight decrease in homes selling above list price suggest that sellers may need to adjust their expectations. Buyers also benefit from more time to evaluate properties, with the median days on the market rising to 66 days. Market trends can vary by region, so it's important to consider local dynamics when making decisions.
Colorado Housing Market Insights
The Colorado housing market has consistently grown, with home prices rising 2.4% year-over-year. A 22.8% increase in homes for sale suggests that supply is finally keeping pace with demand. Buyers now have more options, and the median 66 days on the market provide ample time to make decisions. The 27.4% rise in price drops indicates that sellers may need to adjust their expectations.
However, real estate in Colorado remains competitive, with 17% of homes still selling above the list price. Despite this, the 98% sale-to-list price ratio suggests buyers have more room for negotiation. Colorado housing market predictions for 2025 point toward a balanced market. However, buyers will likely have the upper hand in the current market conditions.
However, real estate in Colorado remains competitive, with 17% of homes still selling above the list price. Despite this, the 98% sale-to-list price ratio suggests buyers have more room for negotiation. Colorado housing market predictions for 2025 point toward a balanced market. However, buyers will likely have the upper hand in the current market conditions.
Nationwide Migration Trends
Colorado attracted significant inbound migration during the peak moving season of winter 2024-2025. According to the United States Census Bureau, over 200,000 people moved to Colorado. Many new homebuyers arrived from Florida, Texas, and California. Cities like Denver, Colorado Springs, and Aurora welcomed the most new residents.
This migration pattern reflects the broader trends in the cost of living index. Colorado's index remains 5% higher than the national average.
This migration pattern reflects the broader trends in the cost of living index. Colorado's index remains 5% higher than the national average.
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Frequently Asked Questions
Is the Colorado housing market going to crash in 2025?
According to the Colorado housing market forecast, a crash in 2025 is unlikely. Home prices are expected to grow steadily, and increased inventory will offer buyers more options.
Are home prices in Colorado dropping?
No, home prices in Colorado aren't dropping drastically, but they are showing some signs of moderation. Statewide, prices rose 2.4% year over year in January 2025. While some homes for sale in Colorado are seeing price drops (27.4% of homes), the overall market remains stable.
Which city has the cheapest housing market in Colorado?
La Junta ($195k) and Pueblo ($227k) are among the most affordable housing markets with the lowest median sale prices. If you're moving to Colorado from places like California or New York, you will reduce your expenses in the cheapest places to live in Colorado.
Should I wait for some time before buying a house in Colorado?
As a buyer, wait for some time if you want more housing options, as inventory is rising in Colorado. The median home price in Colorado is $606,800, and with increased supply, you might find better deals. If you're buying a house in Colorado, get pre-approved for a mortgage. You should also budget for a down payment of at least 10%.
How can I list my home for sale in Colorado?
You can list your home for sale with a Flat Fee MLS Colorado listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Colorado?
The average mortgage rate for buyers in the Colorado real estate market fluctuates between 6.45% and 6.91%. When you apply for a mortgage, always check your credit score and the current interest rates with lenders.
How does Colorado's housing market compare to the national market?
Colorado's housing market is outperforming the national market, with steady price growth and strong demand due to factors like relocation from other states and the state's desirable lifestyle. Although the average cost of living in Colorado is about 3% to 5% higher than the US average, its housing market continues to attract buyers due to its strong economy and outdoor appeal.
Is now a good time to buy or sell a home in Colorado?
You must check the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if mortgage rates are stable and the months of supply are more than six months, that's the best time to buy a house in Colorado.
How have home prices changed in Colorado over the past years?
The average median home price in Colorado has continued to rise over the past years, driven by high demand and increasing inventory. The price has increased at an average growth rate of 2.4%, with some regions seeing higher growth. Our free home value estimator can help you determine your home's fair market value.
What are the Colorado housing market predictions for 2025?
The housing market in Colorado is expected to stabilize in 2025, with slower price growth and rising mortgage rates. Housing inventory will increase enough to stabilize the price growth.
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