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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Routt County is a seller's market

Buyer's
Market

Difference Since September 2022

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

Key Takeaway

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

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

+$103,458(+11.7%)

Key Takeaway

Homes in Routt County have sold for 11.7% more than they did a year ago.

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

# BEDSSep 2022Sep 2023CHANGE
1 $475K$525K
+10.5%
2 $660K$769.7K
+16.6%
3 $915K$997K
+9.0%
4 $1.6M$1.7M
+8.7%
5+ $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
+25.0%
Grand County
+12.1%
Routt County
+11.7%

Housing Supply

How many homes are available in Routt County, CO?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE
286256-10.5%

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

# BEDSAug 2023Sep 2023CHANGE
1 1212
0.0%
2 5652
-7.1%
3 9181
-11.0%
4 7565
-13.3%
5+ 5246
-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 2023Sep 2023CHANGE
6549-24.6%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Routt County, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.

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 2022Sep 2023CHANGE
38 Days52 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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Nearby Markets

What housing markets are near Routt County, CO?