Is Grand Lake, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Lake is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Grand Lake was a Neutral Market.

Key Takeaway

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

Housing Prices in Grand Lake, CO

How much do homes in Grand Lake, CO cost?

Median Sold Price

$695,000

$620/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$28,405(+4.3%)

Key Takeaway

Homes in Grand Lake have sold for 4.3% more than they did a month ago.

Summary: The median home sold price in Grand Lake was $695,000 in April 2024, up 4.3% from last month, and the median price per square foot was $620.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$347K
N/A
2 -$695K
N/A
3 $573.1K$760K
+32.6%
4 $760K-
N/A
5+ --
N/A

Summary: Grand Lake housing prices by bedroom type for April 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 increased by 32.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grand Lake
+4.3%
Allenspark
-1.5%

Housing Supply in Grand Lake, CO

How many homes are available in Grand Lake, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1320+53.8%

Summary: The Grand Lake real estate market had 20 homes for sale in April 2024, a 53.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 24
+100.0%
2 22
0.0%
3 48
+100.0%
4 32
-33.3%
5+ 24
+100.0%

Summary: The Grand Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Grand Lake in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Grand Lake, CO

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

Average Sale Time

Mar 2024Apr 2024CHANGE
131 Days37 Days-71.2%

Summary: Homes in Grand Lake had an average of 37 days on market in Apr 2024, down by 71.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Grand Lake has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Grand Lake; 33% of homes were sold within 30 days, 67% 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 11 Days Ago

Newest Listings in Grand Lake, CO

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