Is Chaffee County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chaffee County was a Buyer's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $213K | +1.4% |
2 Bedrooms | $490K | $490K | 0.0% |
3 Bedrooms | $637.5K | $676.6K | +6.1% |
4 Bedrooms | $825K | $863K | +4.6% |
5+ Bedrooms | $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 | $625K | $715K | +14.4% |
Park County | $587.5K | $550K | -6.4% |
Housing Supply in Chaffee County, CO
How many homes are available in Chaffee County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
202 | 268 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 16 | +33.3% |
2 Bedrooms | 37 | 45 | +21.6% |
3 Bedrooms | 109 | 144 | +32.1% |
4 Bedrooms | 33 | 48 | +45.5% |
5+ Bedrooms | 11 | 15 | +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 2024 | May 2024 | CHANGE |
---|---|---|
30 | 51 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 54 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
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.