2024 Durango & La Plata County Real Estate Market Recap: Trends, Insights, and Predictions

The real estate market in Durango and La Plata County showed notable trends in 2024. These trends highlight both opportunities and challenges for buyers and sellers. Below, we’ll break down key insights to help you understand the market better.

Home Prices and Sales Activity

In November 2024, the median sale price in La Plata County reached $883,000. This figure represents a 10.4% increase compared to the same time in 2023. During the same month, 61 homes were sold. This is a small but meaningful increase from the 55 homes sold in November 2023. These numbers reflect steady demand.

Market Dynamics

Homes in the area spent an average of 51 days on the market in November 2024. This is a significant change from the 23-day average in 2023. While this shift might signal a more balanced market, it’s important for sellers to remain competitive.

Inventory also increased. In December 2024, there were 214 homes listed for sale. This is 17.6% higher than in November 2024. The growing inventory offers buyers more options.

Neighborhood Insights

Certain neighborhoods saw stronger growth than others. For example, resort area condos experienced a striking 34% rise in median sales prices. This highlights continued demand for properties in these desirable locations.

Looking Ahead

Experts predict these trends will continue into 2025. Residential properties are expected to appreciate by 4–5%. The average days on market will likely hover between 80 and 90 days. These predictions underline the importance of strategic pricing and preparation for both buyers and sellers.

The 2024 real estate market in Durango and La Plata County presented steady growth and increased opportunities. With higher home prices and growing inventory, the market offers exciting possibilities for the coming year.

For personalized advice or assistance with your real estate journey, reach out today!

NicoleSorensenHomes@gmail.com or 720-837-4507