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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rio Grande County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Rio Grande County has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Rio Grande County, CO

How much do homes in Rio Grande County, CO cost?

Median Sold Price

$365,000

$291/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$745,000(-67.1%)

Key Takeaway

Homes in Rio Grande County have sold for 67.1% less than they did a month ago.

Summary: The median home sold price in Rio Grande County was $365,000 in October 2024, down 67.1% from last month, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$59K
N/A
2 -$365K
N/A
3 $920K-
N/A
4 $1.6M$570K
-64.4%
5+ --
N/A

Summary: Rio Grande County 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 decreased by 64.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Conejos County
+135.8%
Alamosa County
0.4%
Rio Grande County
-67.1%

Housing Supply in Rio Grande County, CO

How many homes are available in Rio Grande County, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
91103+13.2%

Summary: The Rio Grande County real estate market had 103 homes for sale in October 2024, a 13.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1720
+17.6%
3 3946
+17.9%
4 2425
+4.2%
5+ 910
+11.1%

Summary: The Rio Grande County 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 increased by 17.6%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rio Grande County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Rio Grande County in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rio Grande County, CO

How long does it take to sell a home in Rio Grande County, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
31 Days407 Days+1193.1%

Summary: Homes in Rio Grande County had an average of 407 days on market in Oct 2024, up by 1193.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Rio Grande County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

Newest Listings in Rio Grande County, CO

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