Is Park 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, Park County was a Seller's Market.
Housing Prices in Park County, CO
How much do homes in Park County, CO cost?
Median Sold Price
$550,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Park County was $550,000 in May 2024, down 6.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $358K | +157.6% |
2 Bedrooms | $452.5K | $420K | -7.2% |
3 Bedrooms | $605K | $582.5K | -3.7% |
4 Bedrooms | $750K | $699K | -6.8% |
5+ Bedrooms | $671K | $837.5K | +24.8% |
Summary: Park County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.6%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Counties
Summit County | $1.0M | $1.1M | +18.8% |
Chaffee County | $625K | $715K | +14.4% |
Park County | $587.5K | $550K | -6.4% |
Housing Supply in Park County, CO
How many homes are available in Park County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
212 | 297 | +40.1% |
Summary: The Park County real estate market had 297 homes for sale in May 2024, a 40.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 17 | +41.7% |
2 Bedrooms | 49 | 80 | +63.3% |
3 Bedrooms | 96 | 129 | +34.4% |
4 Bedrooms | 43 | 53 | +23.3% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Park County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 63.3%, 3 bedroom homes increased by 34.4%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Park County in May 2024, down by 5.4% month-over-month. Of the 35 sold homes, 63% were sold under asking, 11% were sold at asking, and 26% were sold over asking.
Days on Market for Park County, CO
How long does it take to sell a home in Park County, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 78 Days | +34.6% |
Summary: Homes in Park County had an average of 78 days on market in May 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Park County; 49% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.