Is Grand Lake, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Lake is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Grand Lake has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Grand Lake, CO

How much do homes in Grand Lake, CO cost?

Median Sold Price

$775,000

$441/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$275,000(-26.2%)

Key Takeaway

Homes in Grand Lake have sold for 26.2% less than they did a month ago.

Summary: The median home sold price in Grand Lake was $775,000 in November 2024, down 26.2% from last month, and the median price per square foot was $441.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$687.5K
N/A
3 $879.5K$767.5K
-12.7%
4 $1.2M$915K
-27.5%
5+ --
N/A

Summary: Grand Lake housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes did not change.

Housing Supply in Grand Lake, CO

How many homes are available in Grand Lake, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4745-4.3%

Summary: The Grand Lake real estate market had 45 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1415
+7.1%
3 1412
-14.3%
4 98
-11.1%
5+ 77
0.0%

Summary: The Grand Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Lake, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Grand Lake in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Grand Lake, CO

How long does it take to sell a home in Grand Lake, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
43 Days45 Days+6.6%

Summary: Homes in Grand Lake had an average of 45 days on market in Nov 2024, up by 6.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Grand Lake has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Grand Lake; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado, and Pikes Peak MLS / Colorado Springs Realtor Services Corp. for the period 10/01/2024 - 12/01/2024

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Last updated on: 12/21/2024, 8:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Last updated on: 12/21/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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