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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summit County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Summit County has remained a Buyer's Market.

Key Takeaway

Summit County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$105,000(-8.0%)

Key Takeaway

Homes in Summit County have sold for 8% less than they did a month ago.

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

# BEDSMar 2024Apr 2024CHANGE
1 $526.5K$775K
+47.2%
2 $1.0M$613K
-40.2%
3 $972.5K$1.2M
+29.6%
4 $2.4M$1.9M
-18.6%
5+ $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
+11.4%
Summit County
-8.0%

Housing Supply in Summit County, CO

How many homes are available in Summit County, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
95159+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

# BEDSMar 2024Apr 2024CHANGE
1 1326
+100.0%
2 2848
+71.4%
3 1630
+87.5%
4 2338
+65.2%
5+ 1517
+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 2024Apr 2024CHANGE
1019+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summit County, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

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 2024Apr 2024CHANGE
130 Days57 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in Summit County, CO

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