We have kicked off 2025, and we at KL Realty find ourselves reflecting on a year marked by resilience, growth, and gratitude.
The real estate landscape in Boulder County has experienced notable shifts, and we’re proud to have successfully navigated these changes alongside our clients.
Market Dynamics in 2024
The Boulder County real estate market of 2024 demonstrated stability throughout the year. In November 2024, the median sale price of a home was $722,000, reflecting a 4.6% increase compared to the same period last year. This slow but steady appreciation points to the enduring desirability of our region.
However, the market has not been without its challenges, driven largely by interest rates perceived to be high. The average days on the market for homes increased to 67 days in November, up from 54 days the previous year, indicating a more deliberate pace in buyer decision-making. Additionally, while home prices have risen, the number of homes sold remained consistent year-over-year, with approximately 290 homes sold in November both in 2023 and 2024.
Reflecting on Boulder County’s real estate market in 2024, the farm and ranch real estate market showcased some unique trends. While overall home sales saw slight shifts, rural properties continued to draw interest from buyers looking for larger parcels and agricultural opportunities. We noticed that demand for these properties held steady with many buyers valuing the long-term potential of land in Boulder County. For farm and ranch properties, factors such as land size, soil topography, water rights, and agricultural potential remain key influences to buyer interest and property valuations.
KL Achievements
Despite 2024’s market fluctuations, the KL Team had the privilege of facilitating numerous successful transactions. Here are some of the properties we were honored to broker:
We’ve seen video marketing play a pivotal role in successful transactions over the years, and we now incorporate this strategy into all our listings. We create cinematic marketing videos that blend storytelling with sales strategy, using drone footage, top digital cameras, and professional editing. From short highlights to in-depth features, we tailor each video to showcase your property’s best assets. View our Current Listings.
Looking Ahead in 2025
As we transition into 2025, we remain cautiously optimistic about the opportunities that lie ahead. Analysts have predicted a slight uptick in home values, with projections indicating a 2.6% increase by August 2025. However, potential fluctuations, such as a 1.9% decline anticipated in February, suggest that both buyers and sellers should stay informed and adaptable.
At KL Realty, our commitment to providing personalized, expert guidance remains unwavering. Whether you’re considering buying, selling, or simply seeking to understand the evolving market, we’re here to support you every step of the way.
Wishing you a prosperous and fulfilling 2025,
The KL Realty Team
