As we enter the last quarter of 2025, our local market continues to evolve in both expected and surprising ways. The Durango Area Association of REALTORSⓇ tracks all segments of the La Plata County market, allowing us to compare quarter-over-quarter (QoQ) and year-over-year (YoY) trends to gain up-to-date insight. These reports help us understand where the market stands, and where it may be heading.
La Plata County Homes
Across all of La Plata County, the median sales price increased both QoQ and YoY, now sitting at $690,000. This marks a 1.6% increase from Q2 2025 and 3% increase from Q3 2024. The number of homes sold nearly doubled in Q3, jumping from 337 sales by the end of Q2 to 636 at the end of Q3, which aligns with our historically busy summer months. Compared to the same time last year, there were only 11 more listings, suggesting that inventory levels remain fairly stable.
Durango
In-town Durango homes saw a median price of $804,000, an increase of 1.7% over Q2, but a YoY decrease of 14%, despite 6 more sales. This reflects an ongoing recalibration following the pandemic-era price surge, which continues to taper off. Overall, 2025 so far has been more of a reset year. The wide array of property types and price points in Durango means that just a few sales on the very high or low end impact the statistics.
Conversely, Durango country homes experienced a 6.4% increase in median price, paired with a 4.3% decrease in units sold.
Durango condo and townhome prices have decreased slightly YoY to $532,500. Coincidentally, exactly 120 sold at the end of both Q3 2024 and 2025.
North County/resort area median sales price is 40.8% higher than in 2024, now at $2,146,875. Glacier Club is a huge driver - there were 4 sales in the first 3 quarters of 2024 as compared to 16 in 2025, and the median price in Glacier Club alone so far this year is $2,431,500. However, the condo/townhome median price declined by 16.3% YoY with just one less sale. As our local inventory has continued to rebound since historic lows in 2021-23, we’ve noticed a particular increase in mountain resort area townhome and condo units, likely due in part to the amount of appreciation gained over the last few years, the nature of these homes being second home or discretionary purchases, and rising insurance and HOA costs.
Bayfield
The Bayfield market remains steady, showing modest growth and consistent buyer interest. In-town homes held close to last year’s values with a median price of $520,000 — a minimal increase year-over-year — even as sales activity softened slightly. In contrast, country properties around Bayfield continued to draw buyers, with the median price rising to $547,500 and a notable uptick in total sales compared to last year. As affordability challenges persist in Durango, many buyers are finding Bayfield and nearby areas to be attractive options that offer more space and value while remaining within an easy commute.
La Plata County Land
Residential vacant land in La Plata County increased 30% in median sales price YoY to $162,500, even with 13 less sales. This continued growth reflects steady demand for buildable property across the county.
The La Plata County Q3 real estate market displayed steady growth, more balanced activity, and ongoing buyer demand across most property types. We would love the opportunity to talk with you if you are considering buying or selling real estate; please don’t hesitate to contact The Durango Team at The Wells Group and let our Southwest Colorado knowledge help guide your real estate journey!
