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 November 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

$681,266

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,266(+0.2%)

Key Takeaway

The sold price of homes in Chaffee County has remained the same since last year.

Summary: The median home sold price in Chaffee County was $681,266 in November 2024, up 0.2% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$250.5K
+19.3%
2 $528.5K$550K
+4.1%
3 $656K$673.7K
+2.7%
4 $842K$904.5K
+7.4%
5+ $995K$1.1M
+10.6%

Summary: Chaffee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Counties

Park County
+2.7%
Chaffee County
0.2%

Housing Supply in Chaffee County, CO

How many homes are available in Chaffee County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
228224-1.8%

Summary: The Chaffee County real estate market had 224 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1213
+8.3%
2 4345
+4.7%
3 129122
-5.4%
4 3436
+5.9%
5+ 108
-20.0%

Summary: The Chaffee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3242+31.3%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

1 Home Was 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. 71.4% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Chaffee County in November 2024, up by 31.3% month-over-month. Of the 42 sold homes, 71% were sold under asking, 26% were sold at asking, and 2% 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

Nov 2023Nov 2024CHANGE
37 Days85 Days+131.3%

Summary: Homes in Chaffee County had an average of 85 days on market in Nov 2024, up by 131.3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chaffee County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 42 homes were sold in Chaffee County; 33% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Chaffee County, CO

Nearby Markets to Chaffee County, CO

What housing markets are near Chaffee County, CO?