Boulder County Real Estate Report Third Quarter 2023
FHFA HPI by Census Division Percent Change in House Prices
Purchase-Only FHFA HPI (Seasonally Adjusted, Nominal)
Period ended 2023 Q2
Census Division
Rank
United States
1-Quarter
1-Year
5-Years
Since 1991Q1
1.68
3.02
57.27
297.66
East North Central Division
1
2.15
5.4
54.04
222.07
New England Division
2
2.18
5.34
59.34
274.23
Middle Atlantic Division
3
2.26
4.98
52.31
248.93
East South Central Division
4
0.7
4.49
62.32
272.6
South Atlantic Division
5
1.67
4.37
68.17
327.81
West North Central Division
6
1.57
4.36
49.96
276.73
West South Central Division
7
1.56
2.64
52.89
309.38
Pacific Division
8
1.6
-2
49.34
342.46
Mountain Division
9
1.07
-2.1
66.2
465.15
FHFA HPI by Metropolitan Area Since 1991Q2 Percent Change in House Prices
Purchase-Only FHFA HPI (Seasonally Adjusted, Nominal)
Period ended 2023 Q2
Metropolitan Area Missoula, MT Salt Lake City, UT Austin-Round Rock-Georgetown, TX Boulder, CO Bend, OR Coeur d'Alene, ID Denver-Aurora-Lakewood, CO Miami-Miami Beach-Kendall, FL Albany-Lebanon, OR Fort Collins, CO Provo-Orem, UT Boise City, ID Portland-Vancouver-Hillsboro, OR-WA Ogden-Clearfield, UT Naples-Marco Island, FL Logan, UT-ID Greeley, CO Wenatchee, WA Flagstaff, AZ Salem, OR Charleston-North Charleston, SC Asheville, NC Grand Junction, CO
Rank 113 230 249 228 205 238 223 9 218 180 229 248 227 236 11 221 190 193 199 181 30 23 128
1-Quarter 4.46 2.19 -1 3.85 3.61 -0.69 2.8 2.51 2.15 1.41 1.99 2.96 3.4 1.95 1.2 0.37 1.76 -0.02 1.97 3.89 4.18 6.08 4.07
1-Year 5.83 -2.64 -8.42 -2.22 0.71 -3.5 -1.71 11.54 -0.73 2.39 -2.47 -6.17 -1.95 -3.34 11.49 -1.17 1.79 1.57 0.97 2.32 9.1 9.44 5.26
5-Years 81.63 67.42 65.6 43.22 68.06 87.28 48.5 77.38 63.09 49.67 69.06 82.61 41.69 71.39 86.41 79.3 51.25 59.84 69.24 57.38 68.95 71.56 66.91
Since 1991Q1 667.05 607.97 604.18 599.52 597.81 571.89 568.27 566.13 558.54 530.5 520.99 514.94 510.24 492.95 492.85 491.59 480.19 479.44 476.92 475.19 468.95 467.91 464.25
3. Boulder, CO Home to the University of Colorado’s flagship campus, Boulder ranks third-best for housing market growth and stability. Between 1998 and 2022, home prices rose 256.48%, 33rd-most out of the 400 metro areas. While Boulder hasn’t experienced quite the same population spike as the top two cities for housing and growth, it hosts offices of Google and IBM and has a reputation as a startup city.
Local Housing Statistics By Area
Single-Family
Boulder County Boulder County
Single Family Q3
Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/23
2023 645 $875,000 $1,171,444 98.3% 57 1594 489 3.6 30% 7.31%
% Change 8.2% -2.7% 0.5% -3.9% 46.2% -17.2% 57.2% 28.6% -16.7% 19.6%
2022 596 $899,000 $1,165,630 102.3% 39 1924 311 2.8 36% 6.11%
2 yr. Chg 33.0% 7.0% 12.0% -3.7% 29.5% -36.8% 45.1% 111.8% -53.1% 152.1%
2021 485 $817,500 $1,045,652 102.1% 44 2524 337 1.7 64% 2.90%
CityCounty of Boulder Boulder
Single Family Q3
Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/2023
2023 % Change 199 30.1% $1,450,500 -2.7% $1,832,083 4.6% 97.6% -4.5% 56 40.0% 400 -7.2% 158 88.1% 4.5 40.6% 24% -29.4% 7.31% 19.6%
2022 153 $1,490,000 $1,750,882 102.2% 40 431 84 3.2 34% 6.11%
2 yr. Chg 50.8% 9.5% 14.8% -3.3% 14.3% -32.3% 17.0% 125.0% -59.3% 152.1%
2021 132 $1,325,000 $1,596,401 100.9% 49 591 135 2 59% 2.90%
City of Louisville Boulder County
Single Family Q3
2023 Total Active Listings 25 Median Sales Price $900,000 Average Sales Price $1,018,094 SP/LP Ratio 100.3% Average Market Time 46 Number of Sales YTD 103 Expired Listings 17 Months of Inventory 2.2 % Under Contract 32% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023
% Change -34.2% -9.1% -7.7% -4.0% 48.4% -17.6% -5.6% -18.5% -23.8% 19.6%
2022 38 $990,000 $1,102,905 104.5% 31 125 18 2.7 42% 6.11%
2 yr. Chg 56.3% 5.9% 9.0% -3.9% 58.6% -28.0% 88.9% 120.0% -57.3% 152.1%
2021 16 $850,000 $933,772 104.4% 29 143 9 1 75% 2.90%
Boulder County City of Lafayette
Single Family Q3
2023 Total Active Listings 42 Median Sales Price $840,000 Average Sales Price $901,968 SP/LP Ratio 99.8% Average Market Time 43 Number of Sales YTD 99 Expired Listings 28 Months of Inventory 3.8 % Under Contract 31% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023
% Change -23.6% -12.5% -11.7% -4.1% 2.4% -36.9% -3.4% 18.8% -22.5% 19.6%
2022 55 $959,990 $1,021,846 104.0% 42 157 29 3.2 40% 6.11%
2 yr. Chg 10.5% 9.7% 11.0% -4.6% -2.3% -50.5% 47.4% 280.0% -53.0% 152.1%
2021 38 $766,000 $812,369 104.6% 44 200 19 1 66% 2.90%
City ofCounty Longmont Boulder
Single Family Q3
2023 Total Active Listings 167 Median Sales Price $611,856 Average Sales Price $662,925 SP/LP Ratio 99.5% Average Market Time 51 Number of Sales YTD 499 Expired Listings 106 Months of Inventory 3 % Under Contract 40% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023
% Change 5.0% -1.8% -1.5% -4.4% 64.5% -16.7% 116.3% 25.0% 0.0% 19.6%
2022 159 $623,000 $673,181 104.1% 31 599 49 2.4 40% 6.11%
2 yr. Chg 1.8% 14.2% 12.8% -4.3% 59.4% -38.6% 112.0% 66.7% -46.7% 152.1%
2021 164 $536,000 $587,791 104.0% 32 813 50 1.8 75% 2.90%
Boulder County Suburban Plains
Single Family Q3
2023 Total Active Listings 124 Median Sales Price $1,000,000 Average Sales Price $1,295,819 SP/LP Ratio 97.9% Average Market Time 68 Number of Sales YTD 273 Expired Listings 104 Months of Inventory 4.1 % Under Contract 24% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023
% Change 8.8% 3.6% -2.5% -2.8% 54.5% -22.7% 76.3% 41.4% -25.0% 19.6%
2022 114 $965,000 $1,329,718 100.7% 44 353 59 2.9 32% 6.11%
2 yr. Chg 33.3% 6.4% -0.9% -3.4% 25.9% -34.5% 52.9% 105.0% -58.6% 152.1%
2021 93 $940,000 $1,307,251 101.3% 54 417 68 2 58% 2.90%
Boulder County Suburban Mountains
Single Family Q3
2023 Total Active Listings 75 Median Sales Price $895,000 Average Sales Price $1,222,852 SP/LP Ratio 97.3% Average Market Time 80 Number of Sales YTD 161 Expired Listings 63 Months of Inventory 4.2 % Under Contract 28% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023
% Change 15.4% -10.1% -5.3% -3.1% 50.9% -16.1% 14.5% 40.0% -24.3% 19.6%
2022 65 $995,000 $1,291,792 100.4% 53 192 55 3 37% 6.11%
2 yr. Chg 15.4% 2.3% 15.6% -3.2% 21.2% -44.1% 21.2% 110.0% -49.1% 152.1%
2021 65 $875,000 $1,057,980 100.5% 66 288 52 2 55% 2.90%
Boulder Town County of Superior
Single Family Q3
Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/2023
2023 28 $930,000 $969,937 98.8% 52 49 11 5.1 36% 7.31%
% Change -12.5% -7.0% -6.0% -5.7% 52.9% -22.2% -15.4% 10.9% 16.1% 19.6%
2022 32 $1,000,000 $1,032,357 104.8% 34 63 13 4.6 31% 6.11%
2 yr. Chg 55.6% -4.8% -4.5% -9.2% 57.6% -26.9% 450.0% 112.5% -35.7% 152.1%
2021 18 $976,700 $1,015,437 108.8% 33 67 2 2.4 56% 2.90%
City of County Broomfield Boulder
Single Family Q3
Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES and RECO MLS 10/3/2023
2023 173 $708,750 $795,217 99.2% 34 536 87 2.9 34% 7.31%
% Change
2022
2 yr. Chg
2021
0.2% 0.7% -3.7% 41.7%
$707,200 $789,702 103.1% 24
5.8% 8.5% -4.2% 3.0%
$670,000 $733,073 103.6% 33
45.0% -49.3% 19.6%
2 67% 6.11%
81.3% -50.7% 152.1%
1.6 69% 2.90%
BoulderTown County of Erie
Single Family Q3
2023 Total Active Listings 242 Median Sales Price $740,000 Average Sales Price $809,001 SP/LP Ratio 98.9% Average Market Time 46 Number of Sales YTD 439 Expired Listings 90 Months of Inventory 5 % Under Contract 41% 30 Year Mortgage 7.31% From IRES and RECO MLS 10/3/2023
% Change
2022
2 yr. Chg
2021
-8.1% -7.1% -3.9% 53.3%
$805,000 $871,087 103.0% 30
8.8% 10.0% -4.8% 43.8%
$680,000 $735,430 103.9% 32
100.0% -14.6% 19.6%
2.5 48% 6.11%
150.0% -43.1% 152.1%
2 72% 2.90%
Single-Family Recap
Typical % Change by Quarter Change in Single-Family Avg $ from 2nd Qtr YTD and 3rd Qtr YTD Numbers 2016
2017
2018
2019
2020
2021
2022
2023
Boulder
-0.34%
-1.90%
-2.37%
1.24%
2.37%
-2.42%
-1.82%
-5.46%
Louisville
-0.21%
-1.06%
-0.51%
-3.40%
-0.77%
-0.16%
-2.43%
0.67%
Lafayette
0.41%
-0.84%
0.39%
2.19%
4.75%
1.54%
-2.32%
-2.98%
Longmont
2.18%
-0.78%
1.99%
0.68%
2.54%
2.42%
-1.22%
-1.03%
Plains
1.66%
0.81%
0.32%
0.23%
4.04%
3.55%
-4.46%
-3.70%
Mountains
-0.02%
-5.71%
4.17%
-6.06%
2.63%
-4.59%
-4.79%
-2.11%
Superior
-2.66%
-0.59%
-0.06%
2.44%
5.78%
5.20%
-0.26%
-3.16%
Boulder County
-0.92%
-1.29%
-1.59%
0.29%
4.80%
-0.99%
-2.57%
-3.33%
Change in Single-Family Median $ from 2nd Qtr YTD and 3rd Qtr YTD Numbers 2016
2017
2018
2019
2020
2021
2022
2023
Boulder
-1.16%
-1.47%
-1.18%
0.00%
1.79%
-3.64%
-0.67%
-1.66%
Louisville
-4.66%
-4.69%
-1.27%
-0.76%
2.96%
0.00%
-4.81%
-0.50%
Lafayette
1.67%
-0.38%
1.90%
0.00%
4.46%
-0.65%
-1.15%
-13.51%
Longmont
2.57%
0.00%
1.41%
0.00%
2.83%
2.10%
-1.89%
-0.51%
Plains
0.41%
0.88%
1.58%
-2.03%
7.39%
-0.74%
-2.53%
1.32%
Mountains
-1.79%
-3.91%
0.35%
-10.48%
4.56%
-2.78%
-16.07%
-4.79%
Superior
-5.42%
0.00%
0.19%
2.79%
3.96%
4.46%
2.77%
-2.92%
Boulder County
-0.15%
-1.32%
-1.64%
-1.63%
4.49%
-0.97%
-3.85%
-1.43%
NUMBER SINGLE FAMILY SOLD BY AREA THROUGH 3 QUARTERS Boulder Louisville Lafayette Longmont Plains Mountains Superior Boulder County Broomfield Erie
2019 495 170 238 920 458 282 102 2598 364 394
2020 536 159 240 952 470 215 96 2697 329 406
2021 591 143 200 813 417 288 67 2524 215 237
2022 431 125 157 599 353 192 63 1924 152 231
2023 400 103 99 499 273 161 49 1,594 536 439
Single Family Median Price by Area Through 3 Quarters 2019
2020
2021
2022
2023
Boulder
$990,000
$995,000
$1,325,000 $1,490,000
1,450,500
Louisville
655,000
695,000
850,000
990,000
900,000
Lafayette
590,000
585,000
766,000
959,990
840,000
Longmont
435,000
463,750
536,000
623,000
611,856
Plains
675,000
712,500
940,000
965,000
1,000,000
Mountains
554,100
665,000
875,000
995,000
895,000
Superior
670,166
670,000
976,700
1,000,000
930,000
Boulder County
599,945
630,000
817,500
899,000
875,000
Broomfield
561,000
575,000
670,000
707,200
708,750
Erie
540,000
569,000
680,000
805,000
740,000
Single Family Average Sales Price Through 3 Quarters 2019
2020
2021
2022
2023
Boulder
$1,245,000
$1,250,000
$1,596,401
$1,750,882
$1,832,083
Louisville
735,330
759,463
933,772
1,102,905
1,018,094
Lafayette
630,798
644,392
812,369
1,021,846
901,968
Longmont
467,945
503,280
587,791
673,181
662,925
Plains
844,558
892,890
1,307,251
1,329,718
1,295,819
Mountains
746,467
808,939
1,057,980
1,291,792
1,222,852
Superior
702,561
705,120
1,015,437
1,032,357
969,937
Boulder County
753,405
779,934
1,045,652
1,165,630
1,171,444
Broomfield
600,474
638,050
733,073
789,702
795,217
Erie
588,524
592,000
735,430
871,087
809,001
% U/C End of 3rd Quarter
Boulder Louisville Lafaye e Longmont Sub. Plains Mountains Superior Boulder County Broomfield Erie
2019
2020
2021
2022
2023
24% 51% 46% 41% 32% 25% 60% 35% 50% 39%
38% 59% 61% 71% 49% 34% 60% 53% 67% 66%
59% 75% 66% 75% 58% 55% 56% 64% 69% 72%
34% 42% 40% 40% 32% 37% 31% 36% 67% 48%
24% 32% 31% 40% 24% 28% 36% 30% 34% 41%
Rolling year comparison – Oct 1 through Sept 30
Boulder Louisville Lafaye e Longmont Plains Mountains Superior Boulder Cnty Broomfield Erie
Median Sales Price 2021 2022 2023 Diff 1250 1460 1400 -4.1% 825 975 875 -10.3% 731 867 840 -3.1% 520 600 600 0.0% 895 938 976 4.1% 830 925 880 -4.9% 897 1000 850 -15.0% 771 875 855 -2.3% 633 685 614 -10.4% 645 760 736 -3.2%
High 2022 2022 2022 2022 2023 2022 2022 2022 2022 2022
2021 1554 899 775 569 1213 1016 936 994 702 703
Average Sales Price 2022 2023 Diff 1738 1810 4.1% 1081 993 -8.1% 963 903 -6.2% 654 651 -0.5% 1264 1258 -0.5% 1265 1162 -8.1% 1035 937 -9.5% 1134 1144 0.9% 760 731 -3.8% 832 794 -4.6%
High 2023 2022 2022 2022 2022 2022 2022 2023 2022 2022
Luxury Market
$1M + Boulder County Single Family and Attached Dwelling Through 3rd Quarter 2023 SOLD
DOM
SP/LP
% Sales over $1 Million
2016
328
100
97.3%
9.6%
2017
366
87
97.0%
10.3%
2018
484
76
97.5%
13.6%
2019
449
85
97.3%
12.4%
2020
520
82
97.5%
13.9%
2021
907
66
100.8%
29.1%
2022
926
57
102.0%
33.5%
2023
692
65
97.8%
31.0%
$1,000,000 – $2,000,000 Single Family Through 3rd Quarter Boulder County
2019
2020
2021
2022
2023
Total Ac ve Lis ngs
227
169
141
167
213
% Under Contract
19.4%
38.5%
51.8%
32.3%
25.8%
Number Sold
331
385
629
637
481
Average Days on Mkt
73
71
51
31
52
% of Total Market Sold
12.8%
14.3%
24.9%
33.1%
30.2%
City of Boulder
2019
2020
2021
2022
2023
Total Ac ve Lis ngs
80
73
53
61
78
% Under Contract
20.0%
41.0%
62.3%
36.1%
25.6%
Number Sold
184
205
291
257
201
Average Days on Mkt
57
61
49
33
47
% of Total Market Sold
37.2%
38.2%
49.2%
59.6%
50.3%
$2,000,000 and up Single Family Through 3rd Quarter Boulder County
2019
2020
2021
2022
2023
Total Ac ve Lis ngs
122
65
101
135
189
% Under Contract
13.1%
18.5%
34.7%
13.3%
18.5%
Number Sold
88
93
225
198
178
Average Days on Mkt
96
106
88
56
90
% of Total Market Sold
3.4%
3.4%
8.9%
10.3%
11.2%
City of Boulder
2019
2020
2021
2022
2023
Total Ac ve Lis ngs
67
63
51
71
96
% Under Contract
17.9%
22.2%
43.1%
14.1%
19.8%
Number Sold
60
61
132
106
113
Average Days on Mkt
86
74
69
57
75
12.1%
11.4%
22.3%
24.6%
28.3%
% of total market
2023 Third Quarter Boulder County Housing Market Statistics Contact Janet with any questions 720.938.4197