Boulder real estate in February looked very similar to January and echoed what's happening in other Front Range markets thus far in 2025. More new listings, fewer sales, and inventory rising at the close of the month. But, there was one anomaly—price.
Taking a closer look at the single-family market, 126 new listings hit the market in Boulder in February. That's up slightly from the month prior and an increase of 6.8% year-over-year. Now, as mentioned in previous write-ups, sold listings primarily reflect homes that went under contract the month prior since it takes about a month to actually close a transaction and record an official sale.
So, January's 39 sold listings were primarily homes that went under contract in December. And February's 37 sold listings were homes that went under contract in January. That month-over-month decrease (while slight) is significant as we're yet to see buyer activity really pick back up this year. While the busy season has not officially arrived yet, there's typically an uptick post-holidays. By the way, that's also a 43.9% drop compared to February of 2024.
At the close of the month, 236 homes remained on the market in Boulder, up from 191 in January and up by 11.3% year-over-year. The city now has 3.6 months of inventory, a 20% increase over 2024.
Now for price. Keeping in mind that homes are selling for an average of 96.6% of list price, the median sales price for February was $1,925,000. That's a big jump from $1,284,300 in January and a 40% increase year-over-year. This could be due to a few ultra-luxury properties selling and skewing the numbers, however, condos and townhomes saw a big bump in sales price as well (more on that below).
In addition, days on market dipped from 93 in January to 86 in February. Though that's well above the 60 days it took to sell last year, it appears that Boulder homebuyers who were active last month had a little pep in their step.
Sales and inventory will continue to be the numbers to watch in the coming months. Depending on which direction they go, the busy season could be more subdued than in years past, though it appears that prices may continue to be robust.
As for townhomes and condos, new listings remained steady month-over-month but decreased by 13.6% year-over-year. Sales also increased slightly month-over-month but came in 2.8% below 2024. Days on market fell from 99 in January to 76 in February but increased by 76.6% over the prior year as selling remains a challenge. Inventory has now risen to 187 properties and 4 months of stock.
And like detached homes, the median price in this segment defied the odds, increasing from $473,500 to $600,000 month-over-month and came in 2.5% above the prior year.
Boulder County Real Estate in February 2025
Countywide, there were some similarities. New listings of single-family homes increased month-over-month and by 6.9% year-over-year. Sales decreased slightly compared to the prior month and by 28.8% versus February 2024. However, February's median price of $765,000 came in below January's $797,450 and posted a 5.8% drop from the prior year.
With so many new properties hitting the market, active listings still available at the close of the month increased from 563 in January to 619 in February–also 17.5% above the prior year. Months of inventory came in at 2.5 and 8.7% higher YoY. If next month's closed sales don't improve, it may indicate a slower spring busy season for Boulder County.
In Louisville and Lafayette, new listings increased again while sales remained relatively flat month-over-month. Both cities experienced significant price decreases as well. Lafayette's median dropped from $832,770 in January to $635,250 in February and came in 27.8% below 2024. Louisville's median was 9% below the prior year as well. If you're looking to buy in either of these towns, it looks like you could get a very good deal.
Over in Erie, there was more of the same. New listings were up slightly while sales were down by 27% year-over-year. Prices also decreased, and there was an uptick in inventory. And across Broomfield County, sales jumped from 35 to 49 month-over-month while the median home price actually increased by 2.4% year-over-year. While days on market increased, sellers still received 99.8% of their listing price.
Looking ahead, mortgage rates and economic uncertainty across the country are likely to continue affecting the market and home sales. So, it remains a waiting game as to whether or not the market and prices will rebound. If you're a buyer, now may be the right time to make a big move if you're in a position to do so. There are a lot of homes to choose from and plenty of wriggle room for negotiations.
For help with that decision and perhaps finding your dream home, reach out to an experienced real estate agent. They can assess the market and provide a smart strategy, as well as negotiate for your best interests. A proven professional will have the market insight, professional connections, and resources to help you achieve your buying (or selling) goals no matter what the market does next.
Choose your real estate agent wisely and make sure you have a proven advocate by your side!
Home Inspections in Today's Market
When mortgage rates hit pandemic-driven lows, the real estate market took off. Homes were selling left and right, often over asking and often with a buyer agreeing to skip important steps like getting a professional home inspection.
Now that rates are up and the market has come back down to earth, inspections have again become integral to both buying and selling.
Before buyers commit to a mortgage these days, they are being more cautious. They are taking the time to search for the right property, and they are completing the due diligence needed to ensure they make a smart investment and don't end up stuck with a money pit. Results are also being used to negotiate a better deal, primarily if and when inspections reveal significant or costly defects.
On the flip side, sellers are proactively getting home inspections to help their listings stand out. They're addressing issues and making necessary repairs so that they can provide potential buyers with a clean bill of home health and avoid surprises that could derail the sale.
So, what should you expect from an inspection? According to the American Society of Home Inspectors (ASHI), a professional will visually assess these items:
- Foundation
- Walls, Floors & Ceilings
- Roof System
- Fireplace & Chimney
- Plumbing
- Electrical
- HVAC System
- Windows & Doors
- Exterior Siding & Paint
- Driveway & Walkway
- Deck or Patio
- Stairs & Railings
- Crawl Space
- Attic
- Basement
- Ventilation & Insulation
There are limitations, however. Inspectors may not move heavy furniture, climb a steep or snowy roof, or shimmy into a tight crawl space. Buyers and sellers also need to bring in a separate professional to evaluate a home for: mold, radon, asbestos, lead paint, sewer line issues, or a pest infestation.
While your real estate agent can help you line up a general inspection, you can always request additional services. Your agent should be able to connect you with the reputable professionals you need to put your mind at ease.
