Is Boulder, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boulder is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Boulder was a Seller's Market.

Key Takeaway

Boulder is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Boulder, CO

How much do homes in Boulder, CO cost?

Median Sold Price

$1,017,266

$540/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,641(+0.8%)

Key Takeaway

Homes in Boulder have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Boulder was $1,017,266 in May 2024, up 0.8% from last year, and the median price per square foot was $540.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $375K$375K
0.0%
2 $546.3K$532K
-2.6%
3 $1.0M$1.0M
-3.0%
4 $1.4M$1.5M
+9.2%
5+ $1.8M$1.7M
-7.0%

Summary: Boulder housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

Boulder
+0.8%
Bald Mountain
-4.5%

Housing Supply in Boulder, CO

How many homes are available in Boulder, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
726872+20.1%

Summary: The Boulder real estate market had 872 homes for sale in May 2024, a 20.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 6874
+8.8%
2 160193
+20.6%
3 149190
+27.5%
4 202238
+17.8%
5+ 147177
+20.4%

Summary: The Boulder housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 20.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
149141-5.4%

Asking Price vs. Sold Price

83 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boulder, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.

Summary: A total of 141 homes were sold or pending in Boulder in May 2024, down by 5.4% month-over-month. Of the 141 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.

Days on Market for Boulder, CO

How long does it take to sell a home in Boulder, CO?

Average Sale Time

May 2023May 2024CHANGE
39 Days54 Days+38.4%

Summary: Homes in Boulder had an average of 54 days on market in May 2024, up by 38.4% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

77 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boulder has remained consistent over time.

Summary: During May 2024, 141 homes were sold in Boulder; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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