Colorado Real Estate Blog

Pagosa Springs Real Estate Market Update – Year-to-Date Through April 30, 2025

Your go-to source for Pagosa Springs Homes For Sale, Market Trends, and Luxury Living Insights

As we get ready for summer in Southwest Colorado, the Pagosa Springs Real Estate Market continues to show  resilience, despite the National Media narrative. Our overall Market is up 32% over last year volume sold, and UP 17% in Units sold. As a company, Galles Properties sales volume has more than doubled year over year as of April, 2025.

Whether you're buying, selling, or just keeping an eye on the market, here’s a snapshot of what’s been happening—and what it might mean for you.

Click here to view the full Galles Properties Market Report

Home Prices: PRICE REDUCTIONS HAVE ARRIVED

The median listing price in Pagosa Springs landed at $562,000 YTD April 2025—a 4.5% increase compared to last year. While this does represent a small increase, we are starting to see price changes for properties that have seen above-average days on market.

Inventory on the Rise = More Choices

April brought a nice boost in housing inventory, with a 20% increase in year-over-year residential inventory, giving buyers more options and room to find their perfect fit. For those looking at Pagosa Springs homes for sale, the increase in inventory is a welcome sign. 

MORE INVENTORY=GREAT TIME TO LIST

For those thinking about selling, the increased inventory has resulted in an increase of online shopping on our website! If you are thinking of selling, this is a great time to jump in with both feet to get in front of these buyers who are searching.

Luxury Market: Holding Strong

When it comes to Pagosa Springs luxury homes, the high-end market continues to show strength. As of April, 2025, Archuleta County saw a 20% year-over-year market gain for sold properties over $1 million. Closed and pending luxury properties in 2025 are signaling the continued strength of this sector.

Homes Are Selling Faster

Another encouraging trend: homes are spending less time on the market. As of April 30, 2025, the average listing stayed active for 131 days, compared to 147 days April YTD  last year. That’s an 11% decrease, which is great news for sellers looking to move quickly.

What Does This Mean For You?

Whether you're in the market for a mountain cabin, a family home, or a mountain-view estate, Pagosa Springs continues to offer both value and lifestyle. And with more inventory, competitive pricing, and a strong luxury segment, it’s a great time to connect with a local expert.

At Galles Properties, we’re here to help you navigate the market with confidence. Want a closer look at the numbers? Call us at 970.264.1250 or
View our latest Market Report here