Is Chaffee County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chaffee County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362.5K | $353K | -2.6% |
2 Bedrooms | $525K | $531.2K | +1.2% |
3 Bedrooms | $633.2K | $649K | +2.5% |
4 Bedrooms | $859K | $860K | 0.1% |
5+ Bedrooms | $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 | $631.6K | $650K | +2.9% |
Park County | $550K | $549.5K | -0.1% |
Lake County | $543.5K | $536K | -1.4% |
Fremont County | $385K | $370K | -3.9% |
Housing Supply in Chaffee County, CO
How many homes are available in Chaffee County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
230 | 253 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 51 | 52 | +2.0% |
3 Bedrooms | 113 | 123 | +8.8% |
4 Bedrooms | 35 | 47 | +34.3% |
5+ Bedrooms | 17 | 17 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 20 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 79 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
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.