Colorado’s Luxury Markets | Q1 2025
Welcome
Colorado’s Luxury Markets
Colorado’s real estate market is everchanging, making expert guidance essential.
LIV Sotheby’s International Realty’s quarterly Luxury Report offers the key insights you need to navigate the nuances of the high-end property market throughout the state.
This report focuses on luxury residential properties, including single-family homes and condos priced over $1 million in key markets such as Denver Metro, South Metro, West Metro & Foothills, Boulder, Northern Colorado, Colorado Springs, and Grand County. For homes priced above $2 million in Summit County and Crested Butte, and those exceeding $3 million in Vail Valley and Telluride.
During the first quarter of the year, market trends varied by region. The median sold price
for luxury residences over $1 million held steady along the Front Range, with some areas seeing slight dips and others modest increases. Resort areas followed similar patterns. Denver Metro’s median luxury home price dropped by 2.4% to $1,327,000 compared to 2024, while Crested Butte saw a remarkable 41.9% increase and Summit County experienced a 7.6% decrease.
At LIV Sotheby’s International Realty, we specialize in one-of-a-kind properties. Our expert global real estate advisors offer the negotiation savvy, market knowledge, and strong connections to guide you through Colorado’s luxury real estate market with confidence. Let us help you find your one of one.
Luxury Data
Median Sold Price
April 2024 - March 2025
Median Sold Price
$1,724,431 All Colorado $1,989,575 Resort Regions - 0.1% - 2.8% 2024 vs 2025 % Change $1,356,167 Front Range + 2.4%
At a Glance
Colorado’s Front Range
Luxury home sales along the Front Range remained consistent throughout Q1, signaling a welcome balance to the market. Boulder saw a notable 14.8% increase in home prices, raising its median sold price to $1,610,000. Meanwhile, South Metro, West Metro and Foothills, and Northern Colorado experienced slight shifts from 2024. The states stable job market and renowned outdoor lifestyle continue to attract buyers eager to call Colorado home.
In Denver Metro, the luxury home market thrived with 966 residences sold in Q1, an 11.2% increase, including 231 transactions in South Metro. Colorado Springs luxury market saw 79 home purchases, up 41.1% from last year. As spring unfolds, we expect this balanced, steady trend to persist across Colorado’s high-end real estate market.
Median Sold Price
$1,356,167
1,328 Properties Sold + 6.8%
84 Average Days on Market + 2.4% + 29.0% 2024
$403
Median Price per Finished Sq. Ft. + 4.9% 98.0% List Price to Sold Price 0.0%
Denver Metro
$1,327,000
Median Sold Price - 2.4% Change | Jan - Mar 2024 vs 2025
966
Properties Sold + 11.2% Change | Jan - Mar 2024 vs 2025
63
Average Days on Market + 12.5% Change | Jan - Mar 2024 vs 2025
$7,200,000
Highest Sold Price - 18.2% Change | Jan - Mar 2024 vs 2025
South Metro
$1,275,000
Median Sold Price - 3.4% Change | Jan - Mar 2024 vs 2025
231 Properties Sold + 13.8% Change | Jan - Mar 2024 vs 2025
80
Average Days on Market + 11.1% Change | Jan - Mar 2024 vs 2025
$5,000,000
Highest Sold Price - 3.3% Change | Jan - Mar 2024 vs 2025
West Metro & Foothills
$1,290,000
Median Sold Price - 2.6% Change | Jan - Mar 2024 vs 2025
223 Properties Sold + 24.6% Change | Jan - Mar 2024 vs 2025
56
Average Days on Market + 24.4% Change | Jan - Mar 2024 vs 2025
$3,600,000
Highest Sold Price - 13.3% Change | Jan - Mar 2024 vs 2025
$1,610,000
Median Sold Price + 14.8% Change | Jan - Mar 2024 vs 2025
145 Properties Sold - 28.9% Change | Jan - Mar 2024 vs 2025
89
Average Days on Market + 9.9% Change | Jan - Mar 2024 vs 2025
$7,500,000
Highest Sold Price - 13.8% Change | Jan - Mar 2024 vs 2025
Northern Colorado
$1,350,000
Median Sold Price + 1.9% Change | Jan - Mar 2024 vs 2025
138 Properties Sold + 20.0% Change | Jan - Mar 2024 vs 2025
68
Average Days on Market + 21.4% Change | Jan - Mar 2024 vs 2025
$5,610,000
Highest Sold Price + 23.9% Change | Jan - Mar 2024 vs 2025
Colorado Springs
$1,285,000
Median Sold Price + 5.8% Change | Jan - Mar 2024 vs 2025
79
Properties Sold + 41.1% Change | Jan - Mar 2024 vs 2025
147
Average Days on Market + 83.8% Change | Jan - Mar 2024 vs 2025
$3,964,500
Highest Sold Price + 13.3% Change | Jan - Mar 2024 vs 2025
At a Glance
Colorado’s Resorts
Colorado’s resort towns offer year-round lifestyle opportunities that blend the laid-back feeling of vacation with the thrill of mountain living. Whether you’re looking for a close-knit community, a secluded getaway, or a condo by the ski lift, buyers continue to be drawn to the state’s natural beauty and active outdoor lifestyle.
Crested Butte’s luxury home market remained strong during Q1, with nine high-end residences selling at a median price of $4,000,000, while Summit County experienced a 28.9% increase in homes sold over $2 million. Vail Valley saw an 8.3% rise in median sold price for home sales exceeding $3 million. Telluride’s luxury market recorded the top sale at $10,514,000 and Vail Valley’s highest priced home reached $26,000,000 in Q1.
As winter gives way to spring in the high country, Colorado’s resort communities continue to experience stable home values, contributing to thriving neighborhoods that attract outdoor enthusiasts from around the globe.
Median Sold Price
$1,989,575
326 Properties Sold - 11.4%
127 Average Days on Market - 2.8% + 16.7% 2024 vs 2025 % Change
Median Price per Finished Sq. Ft. + 0.4%
$734
95.0% List Price to Sold Price - 2.6%
Crested Butte
$4,00,000
Median Sold Price + 41.9% Change | Jan - Mar 2024 vs 2025
9 Properties Sold - 43.8% Change | Jan - Mar 2024 vs 2025
144
Average Days on Market + 8.3% Change | Jan - Mar 2024 vs 2025
$6,425,000
Highest Sold Price + 10.5% Change | Jan - Mar 2024 vs 2025
*Rural Crested Butte: All properties north of Slate River Road within the MLS jurisdiction. From Gothic Road and Slate River Road, north and east of Slate River Road to the boundary between Gunnison National Forest and White River National Forest, east to Taylor Peak, west of East Brush Creek to the bridge on Brush Creek to the summit of Crested Butte Mountain and back to the point of beginning, excluding the town of Mt. Crested Butte. *Rural Gunnison: All properties outside of Gunnison city limits, outside of all designated areas, and within the defined MLS jurisdiction including properties in Saguache County within the MLS jurisdiction.
Data based on sales in Almont, Crested Butte, Crested Butte South, Gunnison, Kebler, Mt. Crested Butte, Rural Crested Butte, and Rural Gunnison. All residential properties $2,000,000+. Based on information from Colorado Real Estate Network MLS (CREN MLS), Pikes Peak MLS (PPMLS) and REColorado (Powered by LiveBy).
Grand County
$1,299,975
Median Sold Price - 10.3% Change | Jan - Mar 2024 vs 2025
46 Properties Sold - 16.4% Change | Jan - Mar 2024 vs 2025
274
Average Days on Market + 17.1% Change | Jan - Mar 2024 vs 2025
$4,900,000
Highest Sold Price + 16.0% Change | Jan - Mar 2024 vs 2025
Summit County
$2,679,000
Median Sold Price - 7.6% Change | Jan - Mar 2024 vs 2025
58 Properties Sold + 28.9% Change | Jan - Mar 2024 vs 2025
71
Average Days on Market - 38.3% Change | Jan - Mar 2024 vs 2025
$14,850,000
Highest Sold Price + 41.1% Change | Jan - Mar 2024 vs 2025
Vail Valley
$4,650,000
Median Sold Price + 8.3% Change | Jan - Mar 2024 vs 2025
48 Properties Sold -15.8% Change | Jan - Mar 2024 vs 2025
190
Average Days on Market + 20.3% Change | Jan - Mar 2024 vs 2025
$26,000,000
Highest Sold Price + 28.1% Change | Jan - Mar 2024 vs 2025
$4,425,000
Median Sold Price - 26.5% Change | Jan - Mar 2024 vs 2025
16
Properties Sold - 23.8% Change | Jan - Mar 2024 vs 2025
205
Average Days on Market - 24.6% Change | Jan - Mar 2024 vs 2025
$10,514,000
Highest Sold Price - 22.0% Change | Jan - Mar 2024 vs 2025
*Surrounding Mesas: Deep Creek Mesa, Hastings Mesa, Iron Springs/Horsefly Mesa, Specie Mesa, Sunshine Mesa, Turkey Creek Mesa, and Wilson Mesa.
Village and Telluride.