Is Chaffee County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chaffee County is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chaffee County was a Buyer's Market.

Key Takeaway

Chaffee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chaffee County, CO

How much do homes in Chaffee County, CO cost?

Median Sold Price

$715,000

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$90,000(+14.4%)

Key Takeaway

Homes in Chaffee County have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Chaffee County was $715,000 in May 2024, up 14.4% from last year, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $210K$213K
+1.4%
2 $490K$490K
0.0%
3 $637.5K$676.6K
+6.1%
4 $825K$863K
+4.6%
5+ $1.0M$1.0M
+6.3%

Summary: Chaffee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Counties

Chaffee County
+14.4%
Park County
-6.4%

Housing Supply in Chaffee County, CO

How many homes are available in Chaffee County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
202268+32.7%

Summary: The Chaffee County real estate market had 268 homes for sale in May 2024, a 32.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1216
+33.3%
2 3745
+21.6%
3 109144
+32.1%
4 3348
+45.5%
5+ 1115
+36.4%

Summary: The Chaffee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3051+70.0%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chaffee County, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Chaffee County in May 2024, up by 70.0% month-over-month. Of the 51 sold homes, 71% were sold under asking, 22% were sold at asking, and 8% were sold over asking.

Days on Market for Chaffee County, CO

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

Average Sale Time

May 2023May 2024CHANGE
38 Days54 Days+41.5%

Summary: Homes in Chaffee County had an average of 54 days on market in May 2024, up by 41.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chaffee County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 51 homes were sold in Chaffee County; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% 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

Newest Listings in Chaffee County, CO

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