As we move into the final quarter of 2025, it’s a good time to reflect on how the year has unfolded so far. The La Plata County residential real estate market has remained active, marked by steady sales, healthy price growth, and increasing inventory. While activity has calmed from the fast pace of recent years, the broader trend points to a more stable and balanced market - one that continues to find its footing after several unpredictable cycles.
September Sales:
September Total: 99
- August 2025: 102 - down 3.03%
- September 2024: 105 - down 6.06%
Year-to-date (YTD) sales: 662
- 2024: 644 - up 2.8%
- 2023: 675 - down 1.96%
Although sales dipped slightly from August, activity remains slightly ahead of last year. This continued momentum highlights the ongoing appeal and continued confidence in La Plata County real estate.
Inventory:
Active Listings: 434
- August 2025: 460 - down 5.65%
- September 2024: 373 - up 16.35%
- September 2023: 290 - up 49.66%
Pending (under contract) Listings: 119
- August 2025: 131 - down 9.16%
- September 2024: 121 - down 1.65%
- September 2023: 115 - up 3.48%
Inventory continues to climb year-over-year, up more than 16% from 2024 and nearly 50% from 2023. This creates more options for buyers and encourages healthy movement across price ranges. Pending sales remain steady, suggesting consistent buyer activity heading into late fall.
Price Trends:
Average Sales Price: $862,440
- August 2025: $873,440 - down 1.26%
- September 2024: $784,147 - up 9.98%
Median Sales Price: $670,950
- August 2025: $679,000 - down 1.19%
- September 2024: $651,437 - up 3%
While prices dipped slightly month-over-month, year-over-year appreciation remains strong. The 2.99% increase in median sales price reflects steady, sustainable appreciation - another indication that the market continues to stabilize.
Time on the Market:
Average Days on Market: 96 days
- 1 day longer month-over-month
- 4 days longer year-over-year
Median Days on Market: 70 days
- 2 days longer month-over-month
- 7 days longer year-over-year
A growing inventory can lengthen days on market, but also signals a healthier balance between supply and demand. Before 2020, it was common to see 120+ average days on market in La Plata County, so today’s numbers reflect a relatively quick-moving market by historical standards.
Buyers are showing more discernment, with greater inventory allowing for more choices and thoughtful decision-making. For sellers, this means well-priced, well-presented homes should sell efficiently, while overpricing may extend days on market.
Trending Price Ranges:
$1,000,000+
- 58 active listings between $1,000,001 - $1,500,000
- 40 active listings between $1,500,001 - $2,000,000
- 68 active listings $2,000,001+
- 88 sold listings between $1,000,001 - $1,500,000
$900,001 - $1,000,000
- 46 active listings
$300,001 - $400,000
- 79 sold listings
$200,001 - $300,000
- 39 active listings
Nearly half of active listings are priced above $900,000, with homes over $1,450,000 representing the luxury segment of the market in La Plata County; this tier has seen inventory growth outpacing demand. Meanwhile, the $300,000–$700,000 range showed the strongest and most consistent activity, accounting for the majority of 2025 sales. Recent mortgage rate shifts have also played a role. Rates briefly dipped to 6.25% — the lowest in nearly a year — which helped renew buyer confidence and prompted some activity from those who had been waiting on the sidelines, even as rates have since ticked back up.
Overall, while September experienced a small slowdown from the summer months, year-to-date numbers remain encouraging. With approximately 4.4 months of inventory, La Plata County has transitioned into a more balanced environment, where both buyers and sellers have the opportunity to act strategically rather than reactively.
We’ll continue tracking data to provide the most accurate knowledge and support in helping our clients navigate their next steps, whether buying or selling in La Plata County or across Southwest Colorado. If you’d like a more detailed market update for your specific area or property type, The Durango Team at The Wells Group is always happy to help, we would love to be a resource and guide in your real estate journey.
