Is Kremmling, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kremmling is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Kremmling was a Neutral Market.

Key Takeaway

Kremmling is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kremmling, CO

How much do homes in Kremmling, CO cost?

Median Sold Price

$350,000

$204/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$125,250(-26.4%)

Key Takeaway

Homes in Kremmling have sold for 26.4% less than they did a month ago.

Summary: The median home sold price in Kremmling was $350,000 in October 2024, down 26.4% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $298K-
N/A
3 -$350K
N/A
4 $652.5K-
N/A
5+ --
N/A

Summary: Kremmling housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kremmling, CO

How many homes are available in Kremmling, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1210-16.7%

Summary: The Kremmling real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 66
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Kremmling housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 Kremmling, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Kremmling in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Kremmling, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days27 Days+120.0%

Summary: Homes in Kremmling had an average of 27 days on market in Oct 2024, up by 120% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Kremmling; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

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