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Ownership Housing
<br />As of 2023, Louisville had an average home sales price of $831,000, second highest behind
<br />Boulder. The average home price in Louisville is about $150,000 higher than the County overall.
<br />Exhibit 47: Average Home Sales Price, Louisville and Comparison Geographies, 2023
<br />Source: Redfin
<br />$550K $580K $681K 685K $754K $831K $912K
<br />Longmont Lafayette Boulder Erie Superior Louisville Boulder
<br />County
<br />While home sales prices rose dramatically across all comparison jurisdictions in Boulder County
<br />from 2012 to 2023, Louisville experienced the second highest rate of increase behind
<br />Longmont.12 Over the time period, the average home price in Louisville increased by about
<br />$473,000, or 132%.
<br />Exhibit 48: Change in Average Home Sales Price, Louisville and Comparison Geographies, 2012-
<br />2023
<br />Source: Redfin
<br />Longmont
<br />$226,000
<br />$550,000
<br />$324,000
<br />143%
<br />Louisville
<br />$358,000
<br />$831,000
<br />$473,000
<br />132%
<br />Boulder
<br />$420,000
<br />$912,000
<br />$492,000
<br />117%
<br />Erie
<br />$315,000
<br />$685,000
<br />$370,000
<br />117%
<br />Boulder County
<br />$314,000
<br />$681,000
<br />$367,000
<br />110%
<br />Lafayette
<br />$281,000
<br />$580,000
<br />$299,000
<br />107%
<br />Superior
<br />$409,000
<br />$754,000
<br />$387,000
<br />106%
<br />While home prices in
<br />Exhibit 49: Average Home Sales Price, Louisville and Comparison
<br />all other jurisdictions
<br />Geographies, 2018-2023
<br />Source: Redfin
<br />dropped from 2022 to
<br />$1,000,000
<br />2023, Louisville home
<br />prices continued to
<br />$750,000
<br />grow, indicating a
<br />strong demand relative
<br />$500,000
<br />to other areas in the
<br />region.
<br />$250,000
<br />2018 2019 2020 2021 2022 2023
<br />Bou Ide r Cou nty, CO Bou Ide r, CO Erie, CO
<br />Lafayette, CO Longmont, CO —Louisville, CO
<br />Superior, CO
<br />12 Redfin began collecting housing data in 2012.
<br />ECONorthwest 40
<br />47
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