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 buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Chaffee County was a Seller's Market.

Key Takeaway

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

Housing Prices in Chaffee County, CO

How much do homes in Chaffee County, CO cost?

Median Sold Price

$650,000

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,366(+2.9%)

Key Takeaway

Homes in Chaffee County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Chaffee County was $650,000 in March 2024, up 2.9% from last year, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $362.5K$353K
-2.6%
2 $525K$531.2K
+1.2%
3 $633.2K$649K
+2.5%
4 $859K$860K
0.1%
5+ $827.5K$995K
+20.2%

Summary: Chaffee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Counties

Chaffee County
+2.9%
Park County
-0.1%
Lake County
-1.4%
Fremont County
-3.9%

Housing Supply in Chaffee County, CO

How many homes are available in Chaffee County, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
230253+10.0%

Summary: The Chaffee County real estate market had 253 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1414
0.0%
2 5152
+2.0%
3 113123
+8.8%
4 3547
+34.3%
5+ 1717
0.0%

Summary: The Chaffee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3220-37.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 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. 85% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Chaffee County in March 2024, down by 37.5% month-over-month. Of the 20 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% 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

Mar 2023Mar 2024CHANGE
85 Days79 Days-6.3%

Summary: Homes in Chaffee County had an average of 79 days on market in Mar 2024, down by 6.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

9 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 March 2024, 20 homes were sold in Chaffee County; 30% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 45% 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 24 Days Ago

Newest Listings in Chaffee County, CO

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