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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Park County was a Seller's Market.

Key Takeaway

Park County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$37,500(-6.4%)

Key Takeaway

Homes in Park County have sold for 6.4% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $139K$358K
+157.6%
2 $452.5K$420K
-7.2%
3 $605K$582.5K
-3.7%
4 $750K$699K
-6.8%
5+ $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
+18.8%
Chaffee County
+14.4%
Park County
-6.4%

Housing Supply in Park County, CO

How many homes are available in Park County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
212297+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

# BEDSApr 2024May 2024CHANGE
1 1217
+41.7%
2 4980
+63.3%
3 96129
+34.4%
4 4353
+23.3%
5+ 1218
+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 2024May 2024CHANGE
3735-5.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park County, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.

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 2023May 2024CHANGE
58 Days78 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Park County, CO

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