Is Chaffee County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chaffee County was a Buyer's Market.
Housing Prices in Chaffee County, CO
How much do homes in Chaffee County, CO cost?
Median Sold Price
$750,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chaffee County was $750,000 in April 2024, up 21.5% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $595K | $210K | -64.7% |
2 Bedrooms | $522.7K | $525K | 0.4% |
3 Bedrooms | $635K | $715K | +12.6% |
4 Bedrooms | $817.5K | $860K | +5.2% |
5+ Bedrooms | $1.0M | $1.0M | +6.0% |
Summary: Chaffee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Counties
Chaffee County | $617.5K | $750K | +21.5% |
Park County | $586.2K | $550K | -6.2% |
Housing Supply in Chaffee County, CO
How many homes are available in Chaffee County, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 151 | +34.8% |
Summary: The Chaffee County real estate market had 151 homes for sale in April 2024, a 34.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 58 | 87 | +50.0% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Chaffee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 29 | +866.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Chaffee County in April 2024, up by 866.7% month-over-month. Of the 29 sold homes, 76% were sold under asking, 21% were sold at asking, and 3% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 122 Days | +565.5% |
Summary: Homes in Chaffee County had an average of 122 days on market in Apr 2024, up by 565.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Chaffee County; 28% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.