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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Park County has remained a Seller's Market.

Key Takeaway

Park County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Park County, CO

How much do homes in Park County, CO cost?

Median Sold Price

$549,500

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in Park County has remained the same since last year.

Summary: The median home sold price in Park County was $549,500 in March 2024, down 0.1% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $253K$350K
+38.3%
2 $432.5K$435K
+0.6%
3 $615K$592K
-3.7%
4 $750K$630K
-16.0%
5+ $915K$725K
-20.8%

Summary: Park County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Counties

Chaffee County
+2.9%
Summit County
+2.6%
Teller County
+1.8%
Park County
-0.1%
Lake County
-1.4%

Housing Supply in Park County, CO

How many homes are available in Park County, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
222251+13.1%

Summary: The Park County real estate market had 251 homes for sale in March 2024, a 13.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1316
+23.1%
2 6364
+1.6%
3 106119
+12.3%
4 3443
+26.5%
5+ 69
+50.0%

Summary: The Park County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3743+16.2%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park County, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Park County in March 2024, up by 16.2% month-over-month. Of the 43 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.

Days on Market for Park County, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
87 Days82 Days-6.2%

Summary: Homes in Park County had an average of 82 days on market in Mar 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Park County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 43 homes were sold in Park County; 49% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Park County, CO

Nearby Markets to Park County, CO

What housing markets are near Park County, CO?