Is Estes Park, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Estes Park was a Seller's Market.
Housing Prices in Estes Park, CO
How much do homes in Estes Park, CO cost?
Median Sold Price
$685,000
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Estes Park was $685,000 in May 2024, down 0.7% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $374.7K | $362.5K | -3.3% |
2 Bedrooms | $465K | $543.5K | +16.9% |
3 Bedrooms | $736.5K | $725K | -1.6% |
4 Bedrooms | $945K | $1.0M | +9.3% |
5+ Bedrooms | $990K | $1.0M | +5.6% |
Summary: Estes Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Estes Park | $690K | $685K | -0.7% |
Drake | $495K | $450K | -9.1% |
Housing Supply in Estes Park, CO
How many homes are available in Estes Park, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 146 | +24.8% |
Summary: The Estes Park real estate market had 146 homes for sale in May 2024, a 24.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 10 | +42.9% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 49 | 63 | +28.6% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Estes Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 14 | -41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Estes Park in May 2024, down by 41.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Estes Park, CO
How long does it take to sell a home in Estes Park, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 103 Days | +41.3% |
Summary: Homes in Estes Park had an average of 103 days on market in May 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Estes Park; 7% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.