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

$345,000

$261/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$20,000(-5.5%)

Key Takeaway

Homes in Rio Grande County have sold for 5.5% less than they did a month ago.

Summary: The median home sold price in Rio Grande County was $345,000 in November 2024, down 5.5% from last month, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $59K-
N/A
2 $365K-
N/A
3 -$345K
N/A
4 $570K-
N/A
5+ --
N/A

Summary: Rio Grande County 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Mineral County
+233.3%
Saguache County
+38.8%
Alamosa County
+1.1%
Rio Grande County
-5.5%

Housing Supply in Rio Grande County, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8987-2.2%

Summary: The Rio Grande County real estate market had 87 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1514
-6.7%
3 4140
-2.4%
4 2223
+4.5%
5+ 99
0.0%

Summary: The Rio Grande County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

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 November 2024, the same as the previous 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

Oct 2024Nov 2024CHANGE
407 Days125 Days-69.1%

Summary: Homes in Rio Grande County had an average of 125 days on market in Nov 2024, down by 69.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rio Grande County has remained consistent over time.

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

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