Is Summit County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Summit County has remained a Buyer's Market.
Housing Prices in Summit County, CO
How much do homes in Summit County, CO cost?
Median Sold Price
$1,215,000
$743/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Summit County was $1,215,000 in April 2024, down 8% from last month, and the median price per square foot was $743.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $526.5K | $775K | +47.2% |
2 Bedrooms | $1.0M | $613K | -40.2% |
3 Bedrooms | $972.5K | $1.2M | +29.6% |
4 Bedrooms | $2.4M | $1.9M | -18.6% |
5+ Bedrooms | $4.4M | $1.8M | -58.3% |
Summary: Summit County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 47.2%, 2 bedroom homes decreased by 40.2%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 58.3%.
Median Sold Price Compared To Nearby Counties
Grand County | $666.5K | $742.5K | +11.4% |
Summit County | $1.3M | $1.2M | -8.0% |
Housing Supply in Summit County, CO
How many homes are available in Summit County, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 159 | +67.4% |
Summary: The Summit County real estate market had 159 homes for sale in April 2024, a 67.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 26 | +100.0% |
2 Bedrooms | 28 | 48 | +71.4% |
3 Bedrooms | 16 | 30 | +87.5% |
4 Bedrooms | 23 | 38 | +65.2% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Summit County 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 increased by 71.4%, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 19 | +90.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Summit County in April 2024, up by 90.0% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Summit County, CO
How long does it take to sell a home in Summit County, CO?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 Days | 57 Days | -55.8% |
Summary: Homes in Summit County had an average of 57 days on market in Apr 2024, down by 55.8% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Summit County; 58% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.