Is Routt County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
Since last year, Routt County has remained a Seller's Market.
Housing Prices
How much do homes in Routt County, CO cost?
Median Sold Price
$985,791
$685/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Summary: The median home sold price in Routt County was $985,791 in September 2023, up 11.7% from last year, and the median price per square foot was $685.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $525K | +10.5% |
2 Bedrooms | $660K | $769.7K | +16.6% |
3 Bedrooms | $915K | $997K | +9.0% |
4 Bedrooms | $1.6M | $1.7M | +8.7% |
5+ Bedrooms | $2.2M | $3.2M | +47.7% |
Summary: Routt County housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 47.7%.
Median Sold Price Compared To Nearby Counties
Jackson County | $240K | $300K | +25.0% |
Grand County | $680.2K | $762.5K | +12.1% |
Routt County | $882.3K | $985.7K | +11.7% |
Housing Supply
How many homes are available in Routt County, CO?
Number of Homes For Sale
Aug 2023 | Sep 2023 | CHANGE |
---|---|---|
286 | 256 | -10.5% |
Summary: The Routt County real estate market had 256 homes for sale in September 2023, a 10.5% decrease compared to August 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 56 | 52 | -7.1% |
3 Bedrooms | 91 | 81 | -11.0% |
4 Bedrooms | 75 | 65 | -13.3% |
5+ Bedrooms | 52 | 46 | -11.5% |
Summary: The Routt County housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
Aug 2023 | Sep 2023 | CHANGE |
---|---|---|
65 | 49 | -24.6% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Routt County in September 2023, down by 24.6% month-over-month. Of the 49 sold homes, 67% were sold under asking, 29% were sold at asking, and 4% were sold over asking.
Days on Market
How long does it take to sell a home in Routt County, CO?
Average Sale Time
Sep 2022 | Sep 2023 | CHANGE |
---|---|---|
38 Days | 52 Days | +35.0% |
Summary: Homes in Routt County had an average of 52 days on market in Sep 2023, up by 35% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During September 2023, 49 homes were sold in Routt County; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.